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CEO of IBKR openly admitted that they halted GME trading "because stock was too expensive" and will open it again once "it would cost 17$". And laughs in between.

In what world this is "ethical"?

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How is it not ethical? They're stopping people from losing money buying something that is overpriced.

But causing people to lose money who already bought it and couldn't sell, presumably

Isn't the whole purpose of a free market with stock trading that people make those decisions themselves? I've certainly made bad trades in the past, but no one stopped me. Shouldn't I have been stopped as well then?

And if everyone is protected from losing money, we should just disable buying stocks at all for everyone, because you can always lose money.

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