Comment on Robinhood admits it’s just a gambling app.
Flocklesscrow@lemm.ee 2 weeks ago
Great. Now how about Citadel’s $65 Billion in securities sold but not purchased? Just kickin that can, eh?
Hard to see how the SEC and DTCC’s aren’t complicit.
UnderpantsWeevil@lemmy.world 2 weeks ago
Citadel commands something like 8-10% of daily market volume. They’re the textbook Too Big To Fail investor. SEC won’t touch them for that reason alone.
Flocklesscrow@lemm.ee 2 weeks ago
I don’t disagree, but it’s the whole REASON the SEC was created in 1934.
If anyone needed further proof of end-stage capitalism, it’s this goddamn insistence on regressive everything.