Absolute horseshit
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What the fuck is going on. I hope someone will sue them.
Can someone explain why they are going so hard on this, ok I understand they had a big loss but are there some long term consequences to this?
This article explains much of it:
https://www.zerohedge.com/markets/7087-billion-reasons-why-exchanges-betrayed-retail-customers
When individual retail investors cost big hedge funds billions of dollars, the players (Robinhood, TDAmeritrade, etc) get reminded who pays the piper and they in turn start assblasting the small customers. Who is going to stop them? By the time any regulators or courts step in, the hedge funds will have already closed their short positions. There may be some punishment, but it will pale in comparison to what they were facing (total insolvency/bankruptcy). Besides, the regulators are all in bed with the industry. They won't do anything.
Now if retail investors revolt en mass, it could trigger the stock market crash that was already overdue. That would be fun to see. If you have money in the stock market, you may consider getting out while you still can.