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Robinhood’s Trading Restrictions Not Illegal: Fmr. SEC Counsel

Jan.29 — Tom Gorman, partner at Dorsey & Whitney LLP and former senior counsel at the U.S. Securities and Exchange Commission, discusses the fluctuations in the stock market, the GameStop Corp. frenzy and the initial decision by Robinhood Markets Inc. to limit trading.

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Jan.29 — Tom Gorman, partner at Dorsey & Whitney LLP and former senior counsel at the U.S. Securities and Exchange Commission, discusses the fluctuations in the stock market, the GameStop Corp. frenzy and the initial decision by Robinhood Markets Inc. to limit trading.

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47 Comments

47 Comments

  1. Jordan B

    January 30, 2021 at 12:07 am

    Damn right!

  2. ANTIFA IS ABSOLUTE IN THIS ONE

    January 30, 2021 at 12:09 am

    YOU CAN PAY A LIAR TO SAY ANYTHING 🤔

    CLASS #ACTION LAWSUIT

    • ANTIFA IS ABSOLUTE IN THIS ONE

      January 30, 2021 at 12:10 am

      #WE CANNOT BE STOPPED 😺

    • ANTIFA IS ABSOLUTE IN THIS ONE

      January 30, 2021 at 12:12 am

      WHEN THE PEOPLE SEE HOW THESE CRIMINALS OPERATE 🤔

  3. PsiliPharm2012

    January 30, 2021 at 12:14 am

    Fuck Robinhood, it should be illegal … especially the restrictions on stocks that were not pumped but was limited just in case. This is clear market manipulation, I could not buy those stocks on RH but every other broker allowed trades on them, only RH limited them. It would be fair if all of them did, but that wasn’t the case. The rich could still get their orders in, but the “dumb money” gets screwed. Fuck RH and Fuck the SEC, clearly they are bought and paid for.

  4. Cautious X0

    January 30, 2021 at 12:15 am

    Lmao. Yeah right. Enjoy the lawsuit Robinhood

  5. BENDJI MAIGNAN

    January 30, 2021 at 12:22 am

    fu *

  6. Matthew M

    January 30, 2021 at 12:23 am

    Then we’re going to change the laws, change is coming

  7. Twitch Highlights

    January 30, 2021 at 12:36 am

    this guy def getting paid to benefit the hedge funds

  8. Drakon Daedalus

    January 30, 2021 at 12:39 am

    They think they are bad guys? THEY ARE THE BAD GUYS
    they dynamically adjust the limit so that AMC never goes over a specific value, because it is also pretty badly shorted.

    If the FCC looks what the short are doing 6:18 then why can a stock be shorted 140%?

  9. ReijiMoritsugu

    January 30, 2021 at 12:53 am

    Report this video under spam and misleading

  10. J C

    January 30, 2021 at 12:57 am

    You pick the wrong side

  11. x Midge

    January 30, 2021 at 1:17 am

    FREE MARKET? UHHHHH NOT A FREE MARKET WHEN U CAN SELL HUT NOT BUY…. F THIS GUY

  12. x Midge

    January 30, 2021 at 1:23 am

    STOP TALKING ABF ROBINHOOD, TD AMERITRADE, WEBULL, FIDELITY AND MANY OTHER BROKERS STOPPED TRADING. ROBINHOOD IS THE SCAPEGOAT. ITS NOT JUST ROBINHOOD…LOOOK T WHO HANDLES ALL THESE PPL BROEKRAGE TRADES FOR

  13. Stefan laluna

    January 30, 2021 at 11:22 am

    gen-z having to know and follow rules thats new

  14. Dan Smith

    January 30, 2021 at 12:40 pm

    So ‘Free Trade Capitalism’ isn’t actually free then? OK.

  15. Hardest Working Man In Tech

    January 30, 2021 at 12:41 pm

    “You can bet what the SEC is doing is they are looking at the shorts” WE WOULDNT BE IN THIS PLACE IF THEY WERE!

  16. No Face

    January 30, 2021 at 1:15 pm

    Why not halt selling?

  17. Your Nightmare

    January 30, 2021 at 1:33 pm

    #dogecoin #AMC #NOK #GME

  18. Jalee Outlaw

    January 30, 2021 at 2:11 pm

    Wow these guys are 🤢

  19. Youtube banned me

    January 30, 2021 at 3:24 pm

    Robinhood is dead

  20. Austin W

    January 30, 2021 at 3:46 pm

    Of course it’s not illegal nor should it be

    • marquezk60

      January 30, 2021 at 3:57 pm

      It’s not illegal to allow hedge funds to short ladder the stock while we are sidelined? Okay buddy we will see what the courts have to say about that.

  21. Ian Fitzp

    January 30, 2021 at 3:55 pm

    You can always tell by the age of the speaker whether they are lying, if they are old enough to have made money off the little guy, they do not side with the young or the little guy

  22. marquezk60

    January 30, 2021 at 3:56 pm

    Probably a reason why he is a former counsel member. He has no authority now and is probably paid millions to say some dumb shit. Courts decide not you buddy. How can it not be illegal to stop our trading meanwhile the hedge fund ducks sit there and short ladder the fuck outta the stock while we are sidelined.

  23. Increasethefitness

    January 30, 2021 at 4:33 pm

    If this is how it is then people will use other platforms. Either way Robinhood is going down

  24. brett

    January 30, 2021 at 5:52 pm

    Unreal how far this guy is trying to spin this

  25. Marc E Marc

    January 30, 2021 at 6:22 pm

    It’s totally illegal…

  26. Adrian Bueno

    January 30, 2021 at 8:18 pm

    this is H O T G A R B A G E ! ! ! ! ! ! !

  27. J C

    January 30, 2021 at 8:52 pm

    SoFi is my new platform. Goodbye Robinhood.

  28. Hoodpatrol Strains

    January 30, 2021 at 9:38 pm

    Ya couldnt buy in at 199 a share

  29. skyak

    January 30, 2021 at 9:44 pm

    It is not true that nobody ever fights the shortseller, they almost ALWAYS fight back. Sometimes the stock price goes so low either management or a white knight make a tender offer. This is a rare case where the company will be able to sell shares at a high price to bail itself out.

  30. Jason Spittles

    January 30, 2021 at 10:36 pm

    This guy is an idiot and discredited himself in the first few minutes.

    #1 – Robinhood knows how many shares their clients own. That’s not secret. It used to be tracked through robintrack. However, they’re obviously not the only broker. I had 2000 shares at one point and I’m not with Robinhood.
    #2 – if it was huge institutional money, they need to disclose any ownership over 5% via a 13g form.

  31. RAndomlyEntertained

    January 30, 2021 at 10:40 pm

    Someone gives that man a tissue…

  32. Andrew Vandenwall Arnemann

    January 30, 2021 at 11:30 pm

    Robin hood is owned by citadel

  33. Sterlingarcher22

    January 30, 2021 at 11:43 pm

    Vlad Tenev = Jail

  34. Sterlingarcher22

    January 30, 2021 at 11:45 pm

    Why do the billionaires control what stocks and companies make it and what ones don’t. They set the market. That’s why the market doesn’t reflect our economy. It’s all a big game they have locked down where they shovel money into bank accounts and when we figure it out they flip out.

  35. Rix Gaming

    January 31, 2021 at 12:09 am

    which closet did that skeleton come out from? None of thse clowns understands how bitcoin made this possible. His 17-year old might wield 10k$ or 20k$ not 100 or 200

  36. Five Cent

    January 31, 2021 at 1:05 am

    Short selling should not be allow. How would you allow someone to sell something they don’t own.

  37. Elemental

    January 31, 2021 at 9:00 am

    Robbinghood Markets Inc. steals from the poor gives to the rich. These wallstreet billionare scumbags are getting what they deserve.

  38. ericmass11

    January 31, 2021 at 12:28 pm

    Robinhood robbing the hood

  39. Alexander Kovarik

    January 31, 2021 at 7:06 pm

    “Free” market economy.

  40. rockerteen8300

    January 31, 2021 at 7:06 pm

    This squeeze is not done by another hedge fund, if another hedge fund did this they would be putting themselves out of business through regulation rules that will spring up as a result, this guy is obviously lying.

  41. Howard Kliner

    January 31, 2021 at 9:33 pm

    F*** stocks. Move to crypto and let’s see what happens when things are truly fair.

  42. Rett Butler

    February 1, 2021 at 1:01 am

    ok boomer

  43. Koder

    February 1, 2021 at 9:58 pm

    Big wigs afraid of the little people getting rich.

  44. Alpha Jay 3.0

    February 2, 2021 at 12:20 am

    I’m sure the court’s could decide that with the Lawsuits coming Robinhood’s way.

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Applied Materials’ Results, OpenAI-Reddit Partnership | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow break down Applied Materials’ earnings, which failed to impress investors. Plus, OpenAI and Reddit announce a partnership to bring its content to ChatGPT and other products, and CoreWeave secures nearly $8 billion in private debt. ——– “Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and…

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Bloomberg’s Caroline Hyde and Ed Ludlow break down Applied Materials’ earnings, which failed to impress investors. Plus, OpenAI and Reddit announce a partnership to bring its content to ChatGPT and other products, and CoreWeave secures nearly $8 billion in private debt.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Reddit Forges Pact With OpenAI on Content for ChatGPT

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Reddit forged a partnership with OpenAI that will bring its content to the chatbot ChatGPT and other products, while also helping the social media company add new artificial intelligence features to its forums. Bloomberg’s Shirin Ghaffary joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology.”
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Applied Materials Forecast Fails to Impress After Rally

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Applied Materials, the largest US maker of chipmaking machinery, failed to impress investors with its latest forecast following a rally in the shares this year. Advisors Capital Management Partner & Portfolio Manager JoAnne Feeney joins Ed Ludlow and Caroline Hyde to discuss the results and the future of the broader chip industry on “Bloomberg Technology.”
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