I lost 1k on these stocks today due to their manipulation
Maybe not a big deal for some, but these assholes purposely waited until after hours to take it all back and then some, when we couldn't trade. Trading opens at 9:30 for the little guys.
Rumor idms they loaded up on short sales in before RH locked us out of our shares
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a small claims suit costs $20 to file, but you could potentially win $10,000 and cost their legal team $600 for each lawsuit filed.
a class action costs nothing, but the legal fees are taken out of the settlement FIRST, and you have to carve up the nickels among perhaps millions of others, and the defendants only have to pay one legal team.
You better read your terms of service, before suing, because if the ability to do this is claimed in the contract you signed opening your account, the case will be decided against you, or thrown out.
I agree that people need to take legal action, but the TOS issue is one that's going to stop a lot of suits in their tracks.
I don't use Robinhood, so I don't have access to the TOS they have in place, but I'm gonna poke around and get a copy, and take a look.
I don't use RH either, but my brokerage does not have an arbitration clause. The point of a small claims suit is that regardless of your TOS, it will still cost their legal teams $600 in fees for each suit we file for a cost to us of $20. small claims courts don't generally work the same as grown up courts and an appearance is generally mandatory with a high chance of default judgements with enough volume.
I'm looking at the TOS on the Robinhood site - the indemnification clause is one you should look at, and then the venue clause after it. By agreeing to the TOS, if you sue, you have to sue in Santa Clara, CA courts. Robinhood is not a small company - and they have staff lawyers and paralegals. They're hiring for a staff lawyer right now, on their website. So that $600 fee you think will damage them? Some staff lawyer will schlep over to the court and it won't cost them an extra dime, because it's part of that lawyer's salary.
Besides, the TOS is key. If they claim the ability to change trades at will, nothing will be accomplished in small claims. I'm not sure class action will get anything done, either. This is bigger than that. The SEC needs to step in, but they won't, because they're members of the Big Boys club, that includes all of Wall Street and the hedge funds.
I'm not a lawyer, so I'd want to run this by an actual lawyer to translate the TOS into real language, and find out if I had standing, before filing any suit. That's just common sense, to me.
TO JOIN CLASS ACTION LAWSUITS: Simply head to https://topclassactions.com/mailing-list/ and sign up for the mailing list. They weekly send out details on class action lawsuits all across the country and provide instructions to join and explain how to determine if you are eligible or not.
Not even Ken Griffinn and Steve Cohen TOGETHER have enough money to cover tomorrow if this is allowed to stand. They OWN the Democratic Party.
There will be only a cursory investigation by the SEC for appearances, completely clearing the Democrat Billionaires, and some little people will get arrested to prove the point that you don't screw with the fascist Democrats in Charge.
They are THE KINGS OF THE WORLD, we are just the smelly unwashed who should grovel at thier feet.
Yep, I said it in another post. But if SDNY is doing this... it's a leftist operation, or it's a leftist coverup where they'll find a fall guy to arrest to appease everyone and business as usual will continue.
Call your state AG, Pedes, and ask if the state can file suit involving interstate commerce violations. Robinhood has HQ in California...Ben Bernanke is on the board at Citadel, and he ran the Federal Reserve out of NY, so a NY judge might screw over Pedes, due to connections there.
The SDNY is arguably the most corrupt state level government org in the country.
They will "discover" that it was actually white supremacists who were colluding to manipulate the market and the brave individuals at Robinhood saved the day and did everything they could from the boogieman.
And the leftist retards who lost money will believe it... just like they believe everything that comes out of the tv... and the next rage issue will come up in a week and everyone will forget about this.
Everyone is blinded by anger and is ready to crucify RH like it was their decision. Do you really think if Citadel/nyse/higher asked RH to halt buys they could say no? Almost all other platforms did the same (so far I know these are not allowing buying: TD, tastytrade, IB, schwab, some german broker), Why nobody is angry at them on social media i wonder? They all got orders from the true market owners, this is who needs to be sued (funny joke, like if our courts are not complete impotent).
I feel like they are setting RH to be a scape goat, like if we bankrupt RH anything would change. Only thanks to RH other brokers had to lower their fees significantly to match 0 fees on RH couple years ago, I bet they would love to get rid of RH to crank up those fees again. I don't think we should channel all our anger at RH, they are not the problem. Putting them out of business will only hurt individual investors in a long run.
AOC and the left creating rage against Wall Street & the 1% again...
Now SDNY is prosecuting??? lol. They are arguably the most leftist, "pro-establishment" & corrupt state level org in the nation.
I don't trust this for a second. This is likely just another propaganda operation to heavily regulate Wall Street and seize control of the financial sector but we're all blinded by rage to see ourselves being manipulated.
Why do you all you use the platforms of the enemy???!!!??? WTF???
Tradestation is based in FL, not NY or Commiefornia... free stock & crypto trading PLUS they didn't cuck out and block these stocks from being traded at any point during this whole fucking fiasco.
Quit giving fucking leftist shithole states your investment money.
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That's one way to keep the plebs in their place and not able to participate in the market. The other investment companies were pissed when Robinhood did the no cost purchase/sell bit.
Robinhood is run by douchebags no doubt, however it is a way for people to participate without going to one of the big firms. For better or worse it is easy access to the market for regular people.
I don't count this as a 100% win, it is a double edged sword.
How do I join? Robinhood canceled my GME stock buy.
I want in on this too. My order from last night was cancelled as well. Their message even had the gall to say I was the one who cancelled it!
yeah, that happened to me too.
RH is so fucked, I'm laughing my fucking ass off. Go for the jugular guys, get in there.
Edit: if you got the resources, file your own lawsuit instead. Their lawyers will have 500k filings to deal with, and it'll only cost you 20 bucks.
I lost 1k on these stocks today due to their manipulation
Maybe not a big deal for some, but these assholes purposely waited until after hours to take it all back and then some, when we couldn't trade. Trading opens at 9:30 for the little guys.
Rumor idms they loaded up on short sales in before RH locked us out of our shares
I'm still holding
I lost $54k today. I'm hoping we take back GME tomorrow. RH said they would allow us limited buying tomorrow, unless they change their minds. Fuckers.
I feel lame with my 1k. Sorry about your losses
I sat on the sidelines for GME and cheered everyone one. I thought I was too late, but wish I jumped in
I'm still holding AMC, BB, NOK
Let's get our money back!
Same!
TO JOIN CLASS ACTION LAWSUITS: Simply head to https://topclassactions.com/mailing-list/ and sign up for the mailing list. They weekly send out details on class action lawsuits all across the country and provide instructions to join and explain how to determine if you are eligible or not.
Ez pz guys
don't be fucking stupid!
File a private claim in small claims court to overwhelm their legal team!
This
Why not both?
you give up your individual right to sue if you join a class action.
That's a good reason for not both. Learn something new everyday
a small claims suit costs $20 to file, but you could potentially win $10,000 and cost their legal team $600 for each lawsuit filed.
a class action costs nothing, but the legal fees are taken out of the settlement FIRST, and you have to carve up the nickels among perhaps millions of others, and the defendants only have to pay one legal team.
You can't join a class action AND file an individual lawsuit.
You better read your terms of service, before suing, because if the ability to do this is claimed in the contract you signed opening your account, the case will be decided against you, or thrown out.
I agree that people need to take legal action, but the TOS issue is one that's going to stop a lot of suits in their tracks.
I don't use Robinhood, so I don't have access to the TOS they have in place, but I'm gonna poke around and get a copy, and take a look.
I don't use RH either, but my brokerage does not have an arbitration clause. The point of a small claims suit is that regardless of your TOS, it will still cost their legal teams $600 in fees for each suit we file for a cost to us of $20. small claims courts don't generally work the same as grown up courts and an appearance is generally mandatory with a high chance of default judgements with enough volume.
I'm looking at the TOS on the Robinhood site - the indemnification clause is one you should look at, and then the venue clause after it. By agreeing to the TOS, if you sue, you have to sue in Santa Clara, CA courts. Robinhood is not a small company - and they have staff lawyers and paralegals. They're hiring for a staff lawyer right now, on their website. So that $600 fee you think will damage them? Some staff lawyer will schlep over to the court and it won't cost them an extra dime, because it's part of that lawyer's salary.
Besides, the TOS is key. If they claim the ability to change trades at will, nothing will be accomplished in small claims. I'm not sure class action will get anything done, either. This is bigger than that. The SEC needs to step in, but they won't, because they're members of the Big Boys club, that includes all of Wall Street and the hedge funds.
I'm not a lawyer, so I'd want to run this by an actual lawyer to translate the TOS into real language, and find out if I had standing, before filing any suit. That's just common sense, to me.
TOS and EULAs can say whatever they want, doesn't mean it's legal and will stand up in court.
Oh, you poor, naive soul.
Maybe you can contact the law firm representing the plaintiff. I bet they could give you more info.
Same!
Nah stay away from Class actions. Only one group gets rich and it is not the client.
Im woth AmeriTrade but their actions manipulated the price of my holdings....so I am joining.
Seriously I had a holding in ETrade. I hope they gimme my money back
Hmm. I'm TD Ameritrade here. Wonder if this is a valid argument for joining in.
The stock price of my stocks were manipulated by another entity illegally. I would say I have a case.
Still works on TDAmeritrade though....just bought 50 more shares of BB to confirm.
Fair point
what about GME?
Thats already covered. They are as bankrupt already as bankrupt can be.....with BB and AMC in play you can move on to other targets as well.
TO JOIN CLASS ACTION LAWSUITS: Simply head to https://topclassactions.com/mailing-list/ and sign up for the mailing list. They weekly send out details on class action lawsuits all across the country and provide instructions to join and explain how to determine if you are eligible or not.
Ez pz guys
Thanks. Wish I was one of the folks that apparently had Robinhood legit just dump their shares in an unauthorized and uncancelable sell order.
Switch to tradestation.
FL based. Didn't block any of these stocks.
Free stock and crypto trading.
Stop giving your money to companies HQ'd in Delaware, Connecticut, NY and Commifornia.
You are funding the enemy.
Understand this... THEY DO NOT CARE.....
Not even Ken Griffinn and Steve Cohen TOGETHER have enough money to cover tomorrow if this is allowed to stand. They OWN the Democratic Party.
There will be only a cursory investigation by the SEC for appearances, completely clearing the Democrat Billionaires, and some little people will get arrested to prove the point that you don't screw with the fascist Democrats in Charge. They are THE KINGS OF THE WORLD, we are just the smelly unwashed who should grovel at thier feet.
They will care if everyone gets their money off of their platforms.
Switch to tradestation.
FL based. Didn't block any of these stocks.
Free stock and crypto trading.
I was prevented access, period, and that has financially damaged me.
It would have to be by taking unearned income. I was prevented from buying period by closeouts.
only from men. Haha.
Switch to tradestation.
FL based. Didn't block any of these stocks.
Free stock and crypto trading.
Wrong venue to file in. The SDNY is bought and paid for by Wall Street which is bought and paid for by the CCP.
Looks legit.
https://www.plainsite.org/dockets/4gf8eo4u8/new-york-southern-district-court/nelson-v-robinhood-financial-llc-et-al/
https://finance.yahoo.com/news/robinhood-customers-sue-over-removal-164733860.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJhly-FPkO0coU-Wp2934T7Cdw8MxdnrLX7p4B_3J5HCrOs7YqUTLYFN4C5we2ytYGXU2Ar23z3fCh7BgKcEVMGs-ynxpkmJ1ueJDNBJhNRdbuI_28VKVhP_k8BoOD9m1lVof3kZUcZ3CjJFgGX1i5_j9FPOyDERkQpog4lpIRqH
so did golf of tonkin.
lol
This pede does not get taken in by Qlaid and Qtardation, right here.
I dig your skepticism.
I think it's probably wrong... but I still like it!
Bro, I even doubt my doubt, and doubt that too.
It's not legit... It's the SDNY.
They've already promised to prosecute Trump for crimes they've made up now that he's out of office.
And the lawyers always win
Yep, I said it in another post. But if SDNY is doing this... it's a leftist operation, or it's a leftist coverup where they'll find a fall guy to arrest to appease everyone and business as usual will continue.
SDNY is as corrupt as it gets.
I hope they break them.
It's the SDNY... they're as far left/globalist as it gets.
If anything, they'll assist in a coverup
Wish I could join but I don't use Robinhood.
TD Ameritrade
You should switch to Tradestation.
FL based. Didn't block any of these stocks.
Free stock and crypto trading.
I may consider that. Thanks for the recommendation.
Yeah, but they directly affected the price of your stock by manipulating the market... So, try to join in?
That seems to be the consensus. Worth a shot.
good. fuck those guys
lulz
!!!!Here's the deal pedes:
A class action lawsuit may cost the trading platforms some cash, but the ONLY WINNERS are their legal teams!
FILE SMALL CLAIMS COURT SUITS ACROSS THE COUNTRY AND SHUT THEM THE FUCK DOWN!!!
All a successful class action suit will net any of us is PENNIES!!!
IF YOU SIGN ON, YOU REMOVE YOUR ABILITY TO SUE THEM INDIVIDUALLY!
the point isn't to win lawsuits, it's to cost them money by initiating so many of them that they feel the pain
NICE! Keep jabbin em with the pitchforks and torches! More them down in electronic warfare!
https://www.forbes.com/sites/jimwang/2020/07/14/how-to-claim-your-25-from-apples-battery-slowdown-settlement/?sh=4c173dfd5369
$500,000,000 class action victory nets us $25 - how much did the legal teams on both sides net???
DON"T BE FUCKING STUPID - FILE IN SMALL CLAIMS COURT!!!
https://www.nycourts.gov/courts/nyc/smallclaims/startingcase.shtml
SWARM!!!
Bad news. The SDNY is perhaps the most corrupt in all the country and they will cover for their wall street cronies.
Yep.. this is a leftist operation or the SDNY is coming in to cover up the crimes.
This means the deep state/globalist cleanup crew are going to work.
Sdny is corrupt as hell
Southern district of NY? You mean the actual place where Wall Street lives? Good luck.
Also Chicago.
See above.
OOOOOOH! How can I support millions of dollars in legal fees and get a check for $0.39!?
STICKY THIS
Call your state AG, Pedes, and ask if the state can file suit involving interstate commerce violations. Robinhood has HQ in California...Ben Bernanke is on the board at Citadel, and he ran the Federal Reserve out of NY, so a NY judge might screw over Pedes, due to connections there.
Hmmmm.... looks like you've got an open and shut case here....
NO STANDING
Suck our noble cocks, you unwashed peasants!
Imagine the anger when they realize no judge is going to rule against the elites.
There won't be.
The SDNY is arguably the most corrupt state level government org in the country.
They will "discover" that it was actually white supremacists who were colluding to manipulate the market and the brave individuals at Robinhood saved the day and did everything they could from the boogieman.
And the leftist retards who lost money will believe it... just like they believe everything that comes out of the tv... and the next rage issue will come up in a week and everyone will forget about this.
Everyone is blinded by anger and is ready to crucify RH like it was their decision. Do you really think if Citadel/nyse/higher asked RH to halt buys they could say no? Almost all other platforms did the same (so far I know these are not allowing buying: TD, tastytrade, IB, schwab, some german broker), Why nobody is angry at them on social media i wonder? They all got orders from the true market owners, this is who needs to be sued (funny joke, like if our courts are not complete impotent).
I feel like they are setting RH to be a scape goat, like if we bankrupt RH anything would change. Only thanks to RH other brokers had to lower their fees significantly to match 0 fees on RH couple years ago, I bet they would love to get rid of RH to crank up those fees again. I don't think we should channel all our anger at RH, they are not the problem. Putting them out of business will only hurt individual investors in a long run.
Then people will create new ones.
Decentralization is the future. We're only in the beginning stages.
Exactly... This reeks of a globalist operation.
AOC and the left creating rage against Wall Street & the 1% again...
Now SDNY is prosecuting??? lol. They are arguably the most leftist, "pro-establishment" & corrupt state level org in the nation.
I don't trust this for a second. This is likely just another propaganda operation to heavily regulate Wall Street and seize control of the financial sector but we're all blinded by rage to see ourselves being manipulated.
SDNY? Might as well be pissing in the wind.
no standing
RAKE THEM OVER THE COALS!
When the coals cool off...
LIGHT THEM UP, AGAIN!
GET SOME!
USE FUCKING TRADESTATION.
Why do you all you use the platforms of the enemy???!!!??? WTF???
Tradestation is based in FL, not NY or Commiefornia... free stock & crypto trading PLUS they didn't cuck out and block these stocks from being traded at any point during this whole fucking fiasco.
Quit giving fucking leftist shithole states your investment money.
Go New York
TO JOIN CLASS ACTION LAWSUITS: Simply head to https://topclassactions.com/mailing-list/ and sign up for the mailing list. They weekly send out details on class action lawsuits all across the country and provide instructions to join and explain how to determine if you are eligible or not.
Ez pz guys
These demons should be executed, not sued.
Robin Hood is fucked!!!!!!!!!!!
Link the source please!
"I wonder how Tampax, Inc stocks are doing? They are suppose to be 100% leak proof."
-T.S. Twenty-
I tried to add money into my account today to buy GME, AMC, and BB. This affected me as well. How do I join?
Does our government know that politicians and their family members regularly do things like this along with the bureaucracy heads?
And AWAYEEE WE GO!!!
I am no lawyer but RH makes you agree to an arbitration before you can open an account. Don't this prevent people from suing?
That's one way to keep the plebs in their place and not able to participate in the market. The other investment companies were pissed when Robinhood did the no cost purchase/sell bit.
Robinhood is run by douchebags no doubt, however it is a way for people to participate without going to one of the big firms. For better or worse it is easy access to the market for regular people.
I don't count this as a 100% win, it is a double edged sword.
If SDNY is doing this... this is a leftist operation.
I'm mad at them for manipulating the markets but be weary pedes.
They're going to use this as the excuse to regulate and tax the living fuck out of Wall Street.
This is looking more and more like a big government, globalist/deep state operation
Prolly been cheaper to give the people their money.
Td ameritrade and the other trading apps involved will probably face class action suits too. I wanted to buy stock but I can't now... 😡🤬
Stonk the steal.