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Why can't non-Robinhood holders of GME sue Robinhood, though? If you can prove that RH's actions drove the stock down, then aren't they the victims (and also not bound by the user agreement)?


>If you can prove that RH's actions drove the stock down

That'd at best, prove harm, which is a necessary but not sufficient condition for a successful lawsuit. You'd also need to prove wrongdoing, which is hard because they seemed to have acted so they can fulfill their deposit requirements.


Assuming that's true - the big issue is that Vlad said very clearly that they did not have a liquidity problem. You can't say that you're restricting deposits because the clearinghouses require you to put up more cash then immediately follow that by saying you have plenty of cash.


Everything is securities fraud - Matt Levine


> Everything is securities fraud, as long as there is political will to prosecute

FTFY




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