Illegal Trading on GameStop? or WallStreetBets: The Stonkening

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Did the hedge funds illegally manipulate the market? Did the redditors of Wallstreet Bets? STONKS
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Опубликовано:

1 фев 2021

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Комментарии : 8 тыс.

@LegalEagle 3 года назад

📉 GameStop stock is plummeting. HODL? ☎️ Get $25 off of your first month with Ting Mobile legaleagle.link/ting

@LegalEagle 3 года назад

On Nebula, I went on an extended rant about how the stock was surely going to plummet. And then on release day, it did!

@nolansmith5184 3 года назад

@@LegalEagle you are clearly a profit and I will start a religion around you

@ApplePi1 3 года назад

@@nolansmith5184 obviously, that's how people stay alive

@gavincassells7585 3 года назад

@@LegalEagle Is the video on Nebula? I haven't been able to find it.

@locosiap4184 3 года назад

I appluade you for telling the truth about melving covering thier positions on GME but I expect a lot off redditors will get mad at you since that dose not fit with thier narrative

@SilverKnight16 3 года назад

Part of me wishes that this could see its way to court, only to hear someone who spent god knows how many years slaving away at law school have to actually say phrases like, "Meme stocks," and, "For the lols," in front of a judge. You know, for the lols and all that. But this video will have to do.

@fyraltari1889 3 года назад

Well, you can always take confort in the knowledge hear someone who spent god knows how many years slaving away at law school had to actually say phrases like "omegaverse" and explain the concept of fanfiction to a judge.

@enyotheios2613 3 года назад

I had a brother in law that was a defense attorney who would drop rap rhymes in the courtroom. Most lawyers know they've sold their soul, but are chill and relaxed about it. Who knows when you might appreciate them getting you out of community service.

@arne0107 3 года назад

I wouldn't be surprised if either have already appeared on the record somewhere. A Magistrate Judge from C.D. Cal. once issued a recommendation with Taylor Swift lyrics that included a footnote describing what a "meme" is.

@bonononchev634 3 года назад

I also wish to win the lottery.

@AStrangeTree 3 года назад

“Your honor, it would seem that the intentions of users of Wall Street bets such as u/THICC_CHICS_DM_ME were ‘rocket emoji to the moon,’ ‘we like the stock,’ and often they demonstrate a motivation to demonstrate ‘diamond hands.’”

@danrich6448 3 года назад

If Senators can dump airline stock a couple days before announcing a Covid travel ban, we're all good here.

@anelisajustanelisa236 3 года назад

Literally...

@dielaughing73 3 года назад

Haha THEY'RE all good maybe, doesn't mean the same applies to you and me

@Enterprise1701J 3 года назад

The action is illegal. Senators however have their stonewalls and people in place.

@jameslape8656 3 года назад

That's why anyone who supposed to know stuff or like business themself there supposed to have prewritten stock trading at sertin times. Now whether they actually fallow that I dont know

@billcipher826 3 года назад

@Karl Marx *SOVIET ATHEM PLAYS*

@TriggerHappyRC1 3 года назад

What I learned from this: 1) Everything is market manipulation. 2) You have to prove intent for it to be illegal - good luck. 3) The brokers are above the law because they write their own laws.

@beetlejuice3x309 2 года назад

This needs more thumbs up.

@russianbigbird4161 Год назад

Number 1 and number 3 are very true. It's funny how laws are put in place under the guise of regulation and balance and yet the scales are always tipped by the people with all the money

@nlhn638 Год назад

For 3, I would ask if they really are, because in many Western countries, contracts or agreements that contain illegal acts are illegal, and thus anyone signing that is essentially signing a contract saying "this is not a real contract". In other words, if the contract itself is illegal, it has no meaning in court. [This isn't legal advice.]

@wouldiwasshookspeared4087 Год назад

For number 3, it's more that they're above the law because of the limitations of the SEC, they can only fine you so much, so if you have more money than that, it's just the cost to do that thing.

@stellaluna6421 Год назад

And whether or not they literally write their laws, they can still preserve their hegemony over market trading because their actions are considered socially "legitimate" by virtue of establishment

@Reavyr 3 года назад

My favourite thing from all this is "Use the free market to get rich!" "But not like that!!"

@Doomroar 3 года назад

His ability to not hit that lamp with his hands is astounding.

@vrinnmetagen 3 года назад

My heart race with ever hand wave.

@connordt604 3 года назад

Never noticed before, can't stop looking now.

@catarinahenriques2011 3 года назад

😂😂👏🏼

@tiffanysandmeier4753 3 года назад

Is he that close to that lamp or is it perspective?

@winterwyverm1880 3 года назад

Comes from years of legal school

@Scania114AzulGelo 3 года назад

2020 was crazy, hope 2021 comes to heal everything... 2021: MONEY IS AN ARTIFICIAL CONSTRUCT AND HAS NO MEANING!!!!

@dashiellgillingham4579 3 года назад

The majority of US dollars in circulation were produced in the year 2020, if we didn't see money suddenly start going crazy right off the bat something'd be fundamentally wrong with economics as we know it.

@juanfranciscovillarroelthu6876 3 года назад

money only exist because we believe it does.

@reddawn1873 3 года назад

Soviet theme starts playing Lenin Stalin Mao and Karl begin to rise from their graves The Revolution has come

@Sykoze 3 года назад

So what you're saying is, your dreams came true and 2021 is here to heal everything.

@Sykoze 3 года назад

@@reddawn1873 Marx based, leave the rest in their graves

@kosviik9584 3 года назад

2020: The economy is falling apart!!! :'( 2021: The economy is falling apart!!! :'D

@cefirodewinter9086 3 года назад

Weeb, go back to play Nobushi

@Xeraghusta 3 года назад

2020: The economy is dying and we need to help it 2021: The economy is dying and we are causing it

@mustachio2 3 года назад

@@Xeraghusta Dying *

@Xeraghusta 3 года назад

@@mustachio2 thanks, problem fixed

@ginkowave5829 3 года назад

Shut up clan kid

@TheRezignator 3 года назад

"A lot of people on Reddit really like Gamestop as a company." I never thought Id hear someone say those words.

@JimboRustles 3 года назад

A lot of people also just like making money. At least the OG /r/wsb members did before the subreddit got overtaken by what is now basically a financial suicide cult.

@tuckertooley174 3 года назад

not as a company but gamers would be lying if at one point they looked at the store

@christinagurchinoff1517 3 года назад

Definitely old school. My boys are 80s babies and they are huge fans.

@KO-tq3ns 3 года назад

no no one likes them, gamesstop was just the best target

@ccloak 3 года назад

It would otherwise be strange for people to say they like to keep the stocks of a company they do not actually like.

@techmouse. 3 года назад

"Do you take this woman, for better, for worse, for richer, for poorer, in sickness and in health?" "It depends."

@hariodinio 3 года назад

"Does she prefer a deep pan pizza over a thin crust?"

@krh6239 3 года назад

A lawyer's wedding vow

@BilingualHobo 3 года назад

In sickness* and in health? *sickness does not include any venereal diseases that were not pre-existing at the time of the wedding.

@PinataOblongata 3 года назад

"Better, richer and health, please, thanks for giving me those options"

@Braiam 3 года назад

@@krh6239 An economist's wedding vow.

@Penfold101 3 года назад

“Well, that’s day one of law school done - what have you learnt?” “Well, it depends.” “Congratulations - here’s your law degree.”

@CreativityNull 3 года назад

It's a paradox. The law degree depends on whether or not you have a law degree.

@Mr1und2 3 года назад

this also make you a age of empires 2 pro

@finallightning7 3 года назад

You left out the part about who has the stronger argument

@Aya_Brea1998 3 года назад

But what about the lawsuits against Robin Hood for stopping people from buying GME & AMC?

@Mr1und2 3 года назад

@@Aya_Brea1998 well they will argue self preservation to not go bancrupt, people nearly bancrupted robin hood with this.

@alamaric5534 3 года назад

Those "forced" arbitration clauses should be against the law. The concept that in order to use the service a company has you can not sue them. The company after all picks the arbiter so you can see where this goes.

@starsword-c2534 Год назад

There have been bills entered in Congress to that effect following the Epic Systems SCROTUS decision but they all died because the banks own the Republicans.

@rabid123fox 5 месяцев назад

I don't necessarily have an issue with the arbitration clause, arbitration is generally a cheaper alternative and quicker alternative to actual court. its more of the "no class actions allowed" rule/stipulation that i believe is much more nefarious

@seanburke997 3 года назад

Hi, fellow attorney here. You failed to address one of the fundamental problems with barring class action lawsuits via arbitration agreements - Without the ability to join plaintiffs as a class, it is possible for malefactors of great wealth to defraud many (even millions) of people of very small individual amounts each. Steal $50 from a million people and you have made $50 million dollars, yet no single one of those people has an amount at issue that would provide any attorney with a potential recovery to attract their services. Without legal representation, plaintiffs are very unlikely to pursue or obtain recovery given the costs, time commitment, and complexity of arbitration, particularly in matters as complex as financial regulation. Sincerely, a guy who has represented plaintiffs in FINRA arbitration.

@perciusmandate 3 года назад

It's hard to take the crying of the hedge funds seriously when you realize they have so many golden parachutes stacked up that no amount of short squeezing will ever really ruin them. They're literally too rich to become poor.

@Jame5man 3 года назад

I also doesn’t help their cases when a lot of them took out short positions before the 2008 recession and were celebrating their financial windfall as hundreds of thousands of people lost their jobs and homes. You don’t exactly win sympathy for that

@MeesyIce 3 года назад

Are you actually so naive as to believe that the people who benefited the most out of this were regular people and not just other hedge funds ?

@roberteskew7320 3 года назад

@@Jame5man correction.. millions...

@ChipsMcClive 3 года назад

@@MeesyIce Well, damn! I wish the other HFs would help squeeze the shorts!

@ceoatcrystalsoft4942 3 года назад

Not quite. There are winners and losers always, and especially so in a Big Squeeze

@RWAsur 3 года назад

Schrödinger's Stock Market (n) *definition:* every trade and participant is engaging in legal and illegal actions at the same time

@petertrudelljr 3 года назад

And the very act of interacting with the stock market collapses the wave function and the stock goes up or down.

@hazukichanx408 3 года назад

The entire market is nothing but manipulation. Talk to any stock trader and they'll tell you whatever they stand to gain from you believing, actively deceiving you as part of the ordinary course of their business. Any supply and demand mechanics that may once have guided an economy become secondary to the eternal rat race of a liars' battle royale.

@lawyitkazuki5768 3 года назад

Which is a sign that the entire thing needs an overhaul lol

@mim8312 3 года назад

Cute but no, it is the hedge funds and brokers who are engaging in fraud and dismissing that reality is enabling them.

@happyfase 3 года назад

It's also engaging in just legal, or just illegal, or neither legal or illegal actions at the same time.

@trisjack82 3 года назад

They didn’t stop all trading they stopped all BUYING

@tardigrade8019 3 года назад

and also said it wasnt as a result of liquidity issues

@SinnerD2010 3 года назад

Oh, so just market manipulation.

@blindeagleace3629 3 года назад

I mean, Robinhood had to. They were tapping their credit lines just to keep the platform running. They didn't have enough capital to keep going with all this high volume. Stocks don't just come out of nowhere.

@bobross4729 3 года назад

@@blindeagleace3629 If people buy stock they give Robinhood money. If people sell stock they take money out of Robinhood. If Robinhood was having capital problems then why did they forbid people from buying, but allowed selling? It would make sense to halt all selling AND buying, or to halt selling, but to halt _only_ buying while claiming not to have enough cash sounds disingenuous.

@blindeagleace3629 3 года назад

@@bobross4729 Not unless they are on margin, and even if people used their own cash it would still take two to four days for the order to be completed from the clearing house. And Robinhood would still have to put up collateral to hold the order. It's a horrible idea for Robinhood to stop Buying and Selling because that would only affect Robinhood users. Robinhood is just one broker site. Meaning if they halt all trading then that wouldn't stop users from say WeBull or Sofi from trading. If a Robinhood user brought GME at 300 and Robinhood halted trading and the price went down then Robinhood users would have been destroyed. Again, Robinhood didn't have enough capital to keep up with all the trading going on. They had to take 700 million dollars from their credit line to continue trading on the site. I know it's not popular to say but Robinhood did the right thing by restricting trading on those "meme" stocks.

@nicholasprickett3131 3 года назад

The argument that I feel could be made with the RobinHood legality debacle could be made is that they actively manipulated the stock even if unintentionally. The company as a whole did not allow people to buy stocks in select companies BUT did however allow (or in some alleged cases forced) people to sell their stakes in the company which will only permit the value of the stock to go down.

@xtampa9236 3 года назад

I think the SEC needs to rethink the freedom they give to these brokerages to manipulate stock prices at their own discretion. Imagine a major stock exchange telling a hedge fund that the stock is too volatile so they can only sell their positions. The whole thing is crazy.

@youcancallmemaurice 3 года назад

They violated rule 5310. They were already fined for another set of violations of this rule so it's likely happening again. The SEC had every reason to initiate a trading halt since the market was clearly impacted by at least one of not two brokerage firms liquidity crises. They chose not to for whatever reason but that is the proximate cause of the problem. The SEC failed to act when it should have and thus we have this debacle

@TwoTreesStudio 3 года назад

As a matter of legal fact, you can't unintentionally manipulate the market.

@TwoTreesStudio 3 года назад

@@xtampa9236 You can think all you like. But unless you're willing to spend more cash on securities laws than robinhood's hundreds of thousands of dollars per year, the SEC will continue to work for them, not us.

@rodrigojds 3 года назад

@Aleksa Kole I'm pretty sure any EULA is gone over by legal entities to make sure no laws are broken.

@cupofcait 3 года назад

Every time he says Game Stop stock you can feel the urge to just say Gamestonk

@williamjohnson9599 3 года назад

I do a bong hit every time he says it

@cupofcait 3 года назад

@@williamjohnson9599 enjoy your trip! Lol

@jaytomson3492 3 года назад

I kind of hope they would rebrand their name to Game Stonk just to usher in their new era of e-commerce.

@amazingentertainment9636 3 года назад

@@cupofcait hes gonna get so high he'll reach the moon before gamestonk

@sameash3153 3 года назад

Game stonks

@EphemeralTao 3 года назад

It's all perfectly fine and legal until rich people start losing money.

@Josh-ck9bv 3 года назад

More like it gets swept under the rug as long as the powerful make money. It’s not legal by any means but no one takes notice. And that doesn’t even have to be because they are bias to the rich, it could just be because for a poor person to make this level of impact on the stock they would need to group with tons of people

@robbietorkelsonn8509 3 года назад

you do realize how that is? the rich are the rich because they make the rules

@kerrystromire6384 3 года назад

Some rich people are still making plenty of money out of this and they will have little sympathy for those on the losing side of the betting. GME is essentially arena fodder to make a bit of a spectacle.

@everythingisfine9988 3 года назад

You've summed up the great short squeeze in one sentence 👍

@isaarunarom7830 3 года назад

So everyone in my family myself included (I'm 30 with full time job) are broke AF. Our retirementment plans are getting ruined by this, my 83yr old grandfather a retired truck driver is considering going back to work after all he has lost. Rich people are going to be just fine after all this gamestop crap. Poor people gonna end up cold and hungry becuase of it. People who don't make enough money but have carefully invested for years to survive into old age( he makes more in retirement due to investments than he ever did driving cross country) have lost more where it counts. Like I hate gamestop very much, but its horrifying seeing whats happening becuase of it

@Vanlifecrisis 3 года назад

When they short a stock they dont just hope it goes down, they launch a media campaign to talk down the stock. See Jim Cramer. They also launch ladder attacks to simulate a drop to cause a panic sell off.

@mathiasm8489 3 года назад

Hedge fund have always been manipulating the market so why are they now crying?

@skeletonbuyingpealts7134 3 года назад

They want themselves and only themselves to be rich.

@michaelmcdoesntexist8350 3 года назад

They're crying because a lot of them used the VERY DANGEROUS uncovered call on what they thought was a safe bet and sunk quite a bit into it. Then, when they got, "You fool"-ed it ended up costing them a lot. So, they cry.

@alien2393 3 года назад

hedge fund and people who do it are holding humanity back

@Teixas666 2 года назад

they got outplayed at their own game and got a bitter taste of what they do the smaller traders. basically the " everyone should trade....wait not like that?!"

@brettmajeske3525 3 года назад

Objection: Those who used other platforms than Robinhood could file a class action lawsuit. They did not sign any user agreements, but the Robinhood restriction directly effected Gamestop prices.

@solitarelee6200 3 года назад

Oh damn that's a very interesting position and I would like to subscribe to your newsletter

@TheSmiddy 3 года назад

@@marcoscolon5348 no he's saying that users of other platforms can sue Robinhood for market manipulation

@genth3575 3 года назад

Not really: by that logic an investor in GameStop should be able to sue Valve Software.

@itsaUSBline 3 года назад

@@genth3575 an investor in GameStop can sue Valve. Not really sure what you meant by that, the logic of your statement actually supports what he said.

@marcoscolon5348 3 года назад

@@TheSmiddy oh ok. Sorry.

@AbderrahmanFodili 3 года назад

Warren Buffett: only invest in what you understand Gamers in reddit: understandable , have a nice day

@johnspencer5820 3 года назад

They just like the stock.

@Roeclean 3 года назад

@@johnspencer5820 stong go ZOOOOOOMMM

@goodough 3 года назад

Yap just like the stock.... bunch of crazy Gorillas with diamond 💎 hands 🙌🏻

@chinaforcedorganharvest-me7062 3 года назад

It's a "FREE" market, the reason why stock increase or decrease in most companies because people either LIKE or HATE the stock, nothing more to it.

@tardigrade8019 3 года назад

Your honor, I understand 2 things. Tendies are the best, and GME go brrrrr

@dominickbrock9849 3 года назад

The sad part is that when the big guys purposefully screw over the little guy through increased mortgage costs, which, and correct me if I'm wrong, led to the housing crisis, they receive massive bailouts. Yet, when the little guy does the same exact thing, it is suddenly very bad.

@MrXander1337 3 года назад

"This might lead some people to believe the market is rigged and unfair because..." lemme finish that for you in the correct way..because it is..

@TwoTreesStudio 3 года назад

But if he admits the by-businesses-for-businesses "market" and "economy" things are actually just thinly-veiled scams against the public, he won't be able to go work for the finance industry after retiring from youtube! Gotta keep those options open!

@donb7519 3 года назад

@@TwoTreesStudio im guessing when he retires for youtube he wont need to since he already has all the money he needs from his practice which probably pays way more than youtube does

@tifforo1 3 года назад

US financial markets are heavily regulated, even moreso after Dodd Frank, to the point that even companies worth hundreds of millions of dollars sometimes don't want to go public for fear of increased regulation.

@palehorse6655 3 года назад

"Melvin Capital ONLY has 12 billion dollars" that statement makes me tired and sad

@aaronwinegar9724 3 года назад

Even a tiny mom and pop shop that earns the couple $30,000 a year will regularly do over a million a year in business. Having a few billions in working money isn't that much. Working money is very different than profit.

@zyrohnmng 3 года назад

Hedge funds usually charge (steriotypically) 2 and 20. 2% on the assets controlled + 20% on profits earned. This varies widely, typically depending on how good the hedge fund is. So, if they manage to match the average market growth (7%), they'd make an average profit (assuming their fees are 2 and 20) of $408m annually. The exact fees for them, i'm not certain. this year though, they're not making much money :P

@harrywood6502 3 года назад

eveythings relative

@crazycjk 3 года назад

They lost 3.5 billion in January though, so maybe that will make you feel better?

@BAgodmode 3 года назад

The number of billions is of no concern to my guillotine. Please sir, my poor guillotine, it is thirsty.

@thewave1983 3 года назад

2020: I'm a bizarre and terrible year. 2021: Hold my stonk.

@derekallgood9496 3 года назад

💎🤲

@folou9199 3 года назад

Concentrated bombardment?

@MMuraseofSandvich 3 года назад

USA: OK, 2021, we're still dealing with the 'rona, you gave us an attempted coup, and now trolls causing chaos on Wall Street. I think that's enough sh*ts and giggles.

@C12omega 3 года назад

you damn right

@korruptedpineapple6096 Год назад

Yo Legal Eagle! It's been a year since this video. Have you seen the information released by the congressional finance committee formed to investigate this saga? Ken Griffin of Citadel told this committee he "absolutely [did] not" communicate with Robinhood other brokers that turned off GME. The committee later released a report showing Citadel definitely talked to Robinhood. Did he lie under oath? Why isn't he arrested?

@bumblehoney7206 Год назад

I wish this comment was getting more attention

@h8GW Год назад

Imma do my part to pump the marke-.....algorithm.

@arturoaguilar6002 Год назад

I don't think one is under oath when talking to the committee.

@darthsmokester4759 Год назад

RU-vid algorithm bot post... update and follow please

@thecrazycapmaster Год назад

@@arturoaguilar6002unfortunately you’re correct, congressional committees don’t operate with the level of authority or structure of a court of law, much like how impeachment proceedings operate. 😅

@chiddy786 3 года назад

After watching many of these I'm still surprised by US law. In Australia you can't sign away your consumer rights. And our consumer rights are extensive. So things like forcing arbitration would be deemed an illegal practice and be ignored in any legal proceedings. I can't tell if the US has poor consumer rights or they are just can be easily superceded.

@duetopersonalreasonsaaaaaa 9 месяцев назад

Imo moreso easily superceded. I feel like we have good protections so long as you don't sign those 'you can't sue us' things... but they're everywhere, with almost anything you use. I'm not sure how one would be able to eat, drink, or sleep anywhere without signing one.

@canuckguy0313 3 года назад

“It’s like giving dynamite to children: it might cause a huge amount of damage but it’s definitely going to be fun to watch.” I don’t care that Devin is a successful lawyer I am SO stealing this.

@glenngriffon8032 3 года назад

it worked for the Adams family.

@lairdcummings9092 3 года назад

Fiscal chaos for fun and profit! (i.e. business as usual, with new players)

@anastasiab8173 3 года назад

Such stupidity. A parent wouldn't give dynamite to kids, so why didn't Robinhood adjust their margins instead of stopping buying.

@angadsingh9314 3 года назад

@Karl Marx Chill bro

@lairdcummings9092 3 года назад

@@anastasiab8173 Robinhood CEO got a 3am call to deposit $3Bn to cover deposits on trades. I daresay he shit himself more than just a little - that was a bigger bill than Robinhood's *entire* capitalization. Yes, he managed to get that talked down by half, but that's still a scary-ass (literal) wake-up call. I can see why he panicked.

@tigress1699 3 года назад

I choked on water when he said "members" and the screen highlighted "degenerates" for the subreddit member count lmao

@dielaughing73 3 года назад

Smooth brains

@laurencefraser 3 года назад

Apparently it's what they call themselves, so...

@dubstepistheonlygod 3 года назад

Names can be apes, retards, and smooth brains

@danielkirienko1701 3 года назад

Clearly you've never been to /r/web. They call each other a lot worse than degenerates. In many ways, it is the unholy spawn of a Wall Street market analysis room and 4chan, with all the crude humor and childish excess of each.

@SVINT6 3 года назад

"if 4chan found a Bloomberg terminal" what do u expect 😭😭😅😅

@clairavoyant1212 3 года назад

I don't know why the first "STONKS" sent me into a giggling fit

@emberthecatgirl8796 Год назад

I’d argue that the cultural value of Game Stop is a factor in it’s stock price. A company that fostered a loyal clientbase, a clientbase that has just reached the age to possibly have surplus income. These ties to videogame culture are a part of value as much as older banks having more renown - and thus trust put in them.

@Angie-Pants 3 года назад

"Stonks" has destroyed my temporal lobe; all I could hear was GameStomp and Blonkbuster.

@Garl_Vinland 3 года назад

Gamedomp

@alexs6746 3 года назад

Bonkbuster

@TheBiggreenpig 3 года назад

26:00 He said Meme Stonks. It wasn't my hearing.

@JoshuaBenitezNewOrleans 3 года назад

Thank you for making me laugh

@davidr2421 3 года назад

Goin greenk with alternatul fuels

@HanMasho 3 года назад

Legal Eagle: "It depends." Me: "Oh yeah! Talk nuance to me."

@sdaniaal 3 года назад

Seems like he has a vested interest in this affair so I can't really tell if this is accurate, especially since robbinhood have been making doubious statements and have shown negligence through their actions.

@Elluem 3 года назад

He's actually a liar. What he didn't tell you was that Robinhood didn't stop trading for GME. They only stopped your ability to buy it while still allowing you to sell it.

@MarkHWillson 3 года назад

@@Elluem It was brief, but he actually mentioned that at about the 8 minute mark. fwiw I think he is *mostly* correct here, but omitting some very important details that ppl should know about if they have any desire to prevent something like this from ever happening again.

@johncreighton844 3 года назад

@@sdaniaal counsel, would you kindly explain what is it that seems, exactly? Don't just cast aspersions or innuendo. By the way, what is that climbin' out yer window?

@jimmybuck1993 3 года назад

Im starting to realize everything is illegal from the right point of view.

@kaelin_cherise 3 года назад

Law is a game of semantics to begin with

@DisDatK9 2 года назад

Especially if “non-professionals” do it. Cop kills in rightful self-defense? Perfectly fine, immune to any lawsuits brought. Civilian kills in self defense? If not found guilty of murder, they’ll get sued for everything they have. Same for Wall Street, the “non-professionals” bought stock and disrupted the hedge’s strategy, so it’s illegal.

@pandoratheclay 3 месяца назад

It’s illegal because the government and hedge funds don’t like it

@bgakjldvs 3 года назад

@7:30 they didn't stop trading, just buying. You could still sell which is direct market manipulation

@JDLaney-zk4wb 3 года назад

I wish I was this early at buying GameStop stock.

@alanheyes694 3 года назад

Right!

@olgacalvache3327 3 года назад

kdksksks SAME

@brendanmarsch9290 3 года назад

A friend of mine found out he had actually been following DFV on RU-vid for months and never realized he was trying to hype up Gamestop

@-._._._-_._._.- 3 года назад

I had an order to buy 65 shares at $20, ended up putting the money elsewhere. Not my best investment choice.

@thepenguin9 3 года назад

I wish I was this early buying Bitcoin

@baronvonbeandip 3 года назад

"Giving dynamite to children is fun to watch." -LegalEagle

@jonasdatlas4668 3 года назад

I mean, the analogy isn’t far off... though I do agree the result is immensely fun to watch.

@LegalEagle 3 года назад

I speak truth to power.

@Nick-nx1df 3 года назад

@@LegalEagle the absolute madlad

@nullcandyy 3 года назад

@@LegalEagle yes

@niall_sanderson 3 года назад

@@LegalEagle In this case, the power is a violent exothermic reaction

@jesbensommichael8397 Год назад

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

@georgerobinson2021 Год назад

Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor

@jesbensommichael8397 Год назад

@@georgerobinson2021 In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

@georgerobinson2021 Год назад

@@jesbensommichael8397 Please provide the information for your investment advisor here. I really need it now.

@jesbensommichael8397 Год назад

@@georgerobinson2021 She is MARTHA ALONSO HARA, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

@georgerobinson2021 Год назад

@@jesbensommichael8397 sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with canning. I've just scheduled a call.

@rjstegbauer 3 года назад

OBJECTION: I always wondered if the "forced arbitration" clauses were actually enforceable. It seems to me that *every* contract and agreement has that provision, which to me, means that it really wasn't negotiated.

@BrimSt0ne28 3 года назад

"Your honor, it was just for shits and giggles"

@spartan8705 3 года назад

WE JUST LIKE THE STOCK

@artyombychkov2134 3 года назад

for shidding and gigging

@supergamergrill7734 3 года назад

It was just a prank bro.

@acecranker1 3 года назад

@@spartan8705 👐💎🚀

@yeshnavale 3 года назад

"Your honour, mario will never be ballin'"

@carschmn 3 года назад

This whole situation is hilarious. Somewhere there’s the saddest song playing on the world’s smallest violin for the hedge funds.

@twotgfltandahalf 3 года назад

Jig or a Reel?

@Lowmanification 3 года назад

And all of the people who bought late last week. It's fun to imagine that only the rich will get hurt by this, but a LOT of small investors are going down with them. The worst part about it all is that the rich will get bailed out.

@andreicecold4379 3 года назад

...and for universities, and credit unions, and for people who live off of pensions (I.E. veterans, etc.)

@filipwolffs 3 года назад

@@Lowmanification Maybe if this process repeats itself a couple of times it will make it increasingly obvious to everyone that the system is rigged to protect the rich and that this whole idea of a fair free market where everyone has a fair chance is a lie propagated by the rich to protect their wealth and keep the public pacified.

@LamentedGore 3 года назад

@@andreicecold4379 yeah, catch me not caring. Shout out to oil stock prices and thanks for keeping it low. Nothing else.

@canucklehead1937 3 года назад

Like we actually enforce the anti-trust act anymore

@pandoratheclay 3 месяца назад

Someone get the Necronomicon, Teddy’s coming back

@blueststar4u 3 года назад

I can survive losing, but id rather die than miss out.

@mattmike7140 3 года назад

Did you hear that quote from somewhere?

@LiiMuRi 3 года назад

"If you can't take a beating, don't short stocks" -Someone somewhere

@ozfresh 3 года назад

i believe Warren Buffet said something along those lines

@jays2551 3 года назад

_something has a potential for literally unlimited losses far exceeding anything you've actually invested_ hedge funds: i see no downsides here

@notatrollll 3 года назад

Question. How is short selling stocks as a large hedge fund in large quantities not market manipulation or violate antitrust? By mass selling they are lowering the prices as well. So what is wrong with people mass buying?

@surferdude4487 3 года назад

If I could, I'd give you 100 likes for that comment.

@jcramberry 3 года назад

@@notatrollll there's nothing wrong with mass buying or mass selling. What's illegal is buying or selling purely for the purpose of convincing others to buy or sell. In these situations trades are analogous to the calls dispensing fraudulent information.

@Roxfall 3 года назад

Food for thought: people who held GME and AMC stock at the time when Robinhood restricted trading lost money due to Robinhood's actions. Not all of these people were Robinhood customers, and did not sign the Robinhood's EULA. That means they have a better chance of getting their cases into a court.

@goldfishprime 3 года назад

What would their argument be? "This company that allowed the stock to skyrocket it the way it did, prevented its users from trading during a volatile time, so I lost money?" Don't think that will fly.

@JewTube001 3 года назад

@@goldfishprime yeah it's way too indirect. neither was the intent to stop anyone else from making money.

@michaelbarbarich3965 3 года назад

@@goldfishprime my Nokia position that I had been building since Nov lost 25% because it had been placed on the naughty stock list. For what reason? It's not a terribly volatile stock, is it because it happened to also be popular on that subreddit?

@goldfishprime 3 года назад

@@michaelbarbarich3965 One would have to look at the numbers and changes during that frenzy period. Did Nokia's value increase suddenly like with GME? Was Nokia being shorted? And you said subreddit, so was it popular with the group that was trying to ride the gravy train? Are you blaming them or Robinhood?

@ThePolice2012 3 года назад

@@goldfishprime "The company that allowed the stock to skyrocket'" I don't think you have any idea what ur talking about. Brokers shouldn't have any influence on a stock's price. That would be market manipulation.

@akiraakiraakiraakira 3 года назад

it's near impossible to figure out the "intent" of an internet stranger

@egg3228 3 года назад

If there's anything I’m learning from all of this mess is, I’m just learning more and more how stocks work and investing in general.

@adammartin6347 3 года назад

This makes sense if you can sue “reddit” or “r/wallstreetbets” but each individual redditor did not have the power to influence the price substantially enough to meet part (1) of the market manipulation test.

@solitarelee6200 3 года назад

Yeah, I kind of agree. The real challenge here would genuinely be figuring out who in god's name to sue. Individually they didn't have the power to do shit, and they all had their own reasons for acting as they did. Maybe one person wanted to manipulate the market, but that doesn't mean the other 8000 guys did, and without those other 8000 guys, it wouldn't have happened, and can you really make the argument that one random guy saying "hell yeah, stonks" is powerful enough to manipulate the market. It becomes a messy circle that you could argue around in circles forever in. Unfortunately, a lot of times what lawsuits actually mean is "the guy who can afford court wins," which means regardless of if reddit user boobs69 actually committed a crime, just being charged with something could ruin his life.

@andrew_ray 3 года назад

And how on earth do you differentiate between people who bought GameStop to "screw the hedge funds" and people who said, "oh, shoot, looks like there's a conspiracy to artificially inflate the price of this stock and I think I can make me some money off this."

@julkiewicz 3 года назад

@@andrew_ray You can differentiate for instance by reading what those people write online. Those that use language carefully don't have anything to fear. But those that make careless statements may have a problem. Probably still not, but theoretically could. As to the influence that a single person has. Again, if there was a careless post that had very many reactions and that clearly was read many times, this could serve as an argument. The fact that there were many thousands posting certainly is not a defence in itself. Otherwise, it would be possible to engage in any kind of market manipulation using a large group because each person individually wouldn't matter.

@neolexiousneolexian6079 3 года назад

@@andrew_ray That's gonna set a terrifying standard for plausible deniability, though. Imagine if all you had to do to get away with most crimes was organically spread out culpability for the effects across enough people.

@andrew_ray 3 года назад

@@neolexiousneolexian6079 What's the difference between "plausible deniability" and "reasonable doubt?" Honestly, I'd be more concerned by the contrary precedent whereby anyone who can be connected to a crime is automatically considered guilty. I think if the hedge funds sue anyone, it's just going to be a handful of prominent Redditors who made the initial posts who set things in motion rather than try the individual guilt (and therefore the specific _intent_) of each person who purchased GameStop stock.

@mady6929 3 года назад

Business people: Why don't the poor just invest their money? reddit: lol ok Business people: (losing money) No wait, stop that !

@619Gotenks 3 года назад

I like Twitter too.

@rominamartinez5544 3 года назад

Best comment. With all due respect I watch all this with popcorn. They can't proof anything, they can't sue anyone and even when this was a one time situation, the slap was huge.

@foop145 3 года назад

I don't think most "business people" care at all. Pretty sure the real winners of this were the Hedge funds who jumped on the bandwagon

@viveksr 3 года назад

in my opinion, poor ppl here did not just invest in the stock like they normally do, they found the weak point to breach the hedge fund's finance which squeezes money off them. if you normally invest you would not make the money most people made in this case.

@danielkirienko1701 3 года назад

Are you making craptastic reposts of other social media comments for updoots on RU-vid? These up arrows aren't even cumulative bruh. It's the LEAST meaningful social influence you could have outside of commenting on local news paper websites.

@keeleywinters6381 3 года назад

Alright so, because I was bored and his was lamp fluctuating in intensity of light (don't know why I noticed it), I wrote down the timestamps of when Legal Eagles' lamp (somewhat) rapidly changed in intensity. Here's the timestamps ± 2 seconds: 0:13, 1:28, 2:13, 2:34, 2:38, 3:11, 3:39, 3:50, 4:09, 4:14, 4:21, 4:35, 5:07, 5:13, 5:15, 5:19, 5:24, 5:36, 5:56, 6:05, 6:12, 6:23, 7:42, 7:45, 8:05, 8:25, 8:34, 8:44, 8:46, 9:31, 9:35, 9:47, 10:03, 10:43, 11:34, 11:43, 12:15, 13:05, 14:05, 14:22, 14:36, 16:50, 23:37 (many slow fluctuations between the last two (2) listed timestamps), 25:09, 25:13, 25:16, 25:17, 25:33, 26:51.

@nathancurrie9563 3 года назад

I noticed and appreciate your effort

@Gnarfledarf 2 года назад

I appreciate this.

@Gnarfledarf 2 года назад

I appreciate this.

@AnonymousAlcoholic772 3 года назад

Im so happy you let people know that in MOST small claims cases, arbitration is definitely in the users favor. Ive seen arbitration clauses that say every expense after the 200$ initiation fee is borne out by the defendant, win or lose. For most issues for 2000$ or less, threaten to initiate arbitration and a company will fold like a cheap suit.

@TheRepublicOfJohn 3 года назад

Capitalists trying to stop capitalists from using capitalism to build capital... I'm investing in popcorn futures

@filipwolffs 3 года назад

I'm starting to think that a lot of the people who spread anti-capitalistic rhetoric aren't even against capitalism necessarily. They're against modern-day capitalism which has been twisted and corrupted to instead be a way for the rich to pocket most of the wealth while telling the rest of the population that it's entirely fair they own everything.

@joshentheosparks7492 3 года назад

WSB got you covered with AMC; top 5 cooked popcorn distributor!

@TheRepublicOfJohn 3 года назад

@@filipwolffs capitalism has plenty of issues even in theory (as do all economic systems) but you're right that a lot of anti-capitalists are moreso rejecting late-stage crony-capitalism and plutocracy rather than pure free-market capitalism.

@tudeslildude 3 года назад

You sir, are the real genius.

@durnsidh6483 3 года назад

@@filipwolffs The problem is that capitalism will always tend towards that state since it maximizes the generation of profit.

@sarysa 3 года назад

*2040s teacher:* In the '20's, stock traders buying on margin triggered an economic collapse due to being unable to pay their debts en masse. *2040s student:* Which '20's? *2040s teacher:* Yes.

@trueriver1950 3 года назад

So true

@draugur345 3 года назад

The Game Stop traders weren't primarily buying on margin. They were given government funny money and they turned it into a handful of shares of Game Stop. Most people weren't buying tens of thousands of dollars worth of $GME, on margin or off, there were just a million of the beautiful bastards

@dcsii 3 года назад

@@draugur345 government funny money.... Some of the bigger investers from reddit put in 6 figure sums as an individual. Specifically it was over $700,000 that they turned into 13.8 million. Considering the US has given people 1800 total over ten months. Compare that to about anywhere else nearly as industrialized as the US has given that amount to people monthly on a recurring basis.

@tacokoneko 3 года назад

all fiat money is government funny money, cryptocurrency with real scarcity like gold such as bitcoin is real money

@sarysa 3 года назад

@@tacokoneko Gold and Bitcoin aren't comparable. Gold has natural supply increases of something like 2% a year from mining, while Bitcoin already crossed below that and will continue to decline in added supply. Further supply losses just from people losing their keys makes them different animals entirely. One can argue the merits and pitfalls of both, but what isn't arguable: People are far more motivated to hoard Bitcoin than gold, and hoarding weakens something's viability as a currency.

@DannyChilders 3 года назад

“Closed their short position” ...short report comes out * 78% still shorted....

@PolarPhantom 3 года назад

"It's not our economy. It never was." ~ Jim Stephanie Sterling.

@lodamaupo 3 года назад

"Rules for Thee, But Not for Me"

@kennystimpson2775 3 года назад

Tim Pool?

@ajw5138 3 года назад

The rules were the same for everyone lol This is just a bunch of people throwing money at a stock because of memes and then blaming everyone but themselves when they lose money. You lost money because you invested in something that already rose many thousand percent.

@Kilo_Alpha_Delta 3 года назад

@@ajw5138 The platform that allowed them to access the "free" market locked them out thus forcing them to lose money. This isn't a lost bet. This is a rigging the system to screw over retail investors. Plain and simple. Robinhood should burn in hell for it.

@ajw5138 3 года назад

@@Kilo_Alpha_Delta Just because you don't understand something doesn't make it rigged. Brokers/entire stock exchanges limit trading during times of extreme volatility all the time. Robinhood still allowed them to sell if they wanted and them limiting buying because of liquidity issues is in no way manipulation. People bought the top of a bubble and are now crying and trying to blame everyone but themselves.

@cy20998 3 года назад

@@Kilo_Alpha_Delta they could have sold, so no, also ironically this would be true if they couldn't sell

@jth_printed_designs 3 года назад

Its not a pump and dump if the whole intent is to never dump.

@joshuagrant5227 3 года назад

Finally someone gets it. Finally! They are not inflating stock to profit off of the inflation, they are willing to just hold the stock so it can’t be purchased and are willing to not only not capitalise off the profit but willing to lose all their investment. I mean...They are most entitled to sell stock they’ve purchased and earned profit...that’s what stock trading is. But they’re not doing that and it’s truly bizarre to try and claim even in the fictitious world where a group buying stock cheap together and selling it when it’s high, is illegal....you’d have to actually wait for them to sell the stock first to cry foul

@coleschemistrychannel4172 3 года назад

@@joshuagrant5227 It doesn’t necessarily need to be a pump and dump to be market manipulation. Successfully and deliberately influencing the price of a security for private purposes (as happened here) is considered to be market manipulation

@joshuagrant5227 3 года назад

@@coleschemistrychannel4172 So a hedgefund in essence comes TO YOU selling stock so you buy it, then they expect to buy it back from you at a cheaper rate than they sold it to you for in say a weeks time. That’s totally fine somehow. If their plan works, they knowingly deceived you of its value when selling it. And that’s totally fine? But apparently the purchaser not selling something you purchased from the seller back to the selller and the time the seller demands and at the price of initial sale or cheaper than the initial sale prices, that’s apparently illegal and market manipulation. I can go right now and buy 40% of a dog food company’s stock if I want providing the stock are up for sale. My reasoning can be for ownership, for an investment on the secondary market, to simply waste spare money I have which is my damn right and also...spite. Yes I can buy out of spite.

@marcellkovacs5452 3 года назад

It's a pump scheme

@beeble2003 3 года назад

@@joshuagrant5227 Short-selling isn't deception. Any time any stock is bought or sold, long or short, it is because the two parties have different opinions about it: the seller thinks it's "bad" and wants to sell; the buyer thinks it's "good" and wants to buy. Suppose Alice wants to buy some stock because she thinks it will increase in value. Bob sells the stock and she buys it. Alice was right and, some time later, she sells the stock at a profit. Did she deceive Bob? No -- they just disagreed about the stock's trajectory and Alice was right. Short-selling is just the same thing but the other way around. Alice thinks the stock will fall in value so she takes a short position.

@neversinkmakes 3 года назад

Let’s not confuse consumer arbitration (meant to avoid class actions) with “arbitration” as a whole. Lots of large companies choose to arbitrate disputes (and particularly international ones) instead of submitting them to a court.

@The_Story_Of_Us 3 года назад

One thing’s for sure, Eminem could make a hell of a rap on stopping stock trading on gamestop stock

@faffywhosmilesatdeath5953 3 года назад

Legal Eagle: Professional legal analysis Also Legal Eagle: *S T O N K S* Edit: Oh wow I didn't expect to come back to nearly 600 likes. Since this is popular please drink some water and get some sleep.

@gromaxe 3 года назад

I see this as an absolute win

@artscience3453 3 года назад

The duality of man

@samanthaleshikar9025 3 года назад

I'm so glad he made this.

@TheNecropolis20 3 года назад

$GME Bid: 91.10 Ask: 92.00 Last: 91.50

@TheNecropolis20 3 года назад

$GME Bid: 89.51 Ask: 89.87 Last: 89.80

@sugarthedextrosity 3 года назад

*Rich people tell poor people and middle class people to invest in stocks* *Poor and middle class people invest in stocks* Rich people: not stonks

@foxymetroid 3 года назад

Rich people: Wait, that's illegal.

@matthewkoch6937 3 года назад

@@foxymetroid "We can't have that! If you gain more money, that means we, gasp, have less money!"

@MrRenegadeshinobi 3 года назад

Rich People: No, not like that.

@jeetadityachatterjee6995 3 года назад

@@truneighborhoodwatchtnw2127 i am just going to assume you are going to talk about the slap stick car rebuilder and not look at it as sad onlook at the strict class structure that seems to always find its way to rebuild it's self in our society

@MrVovansim 3 года назад

Let's be clear. While rich people do invest in hedge funds, the vast majority of assets under management comes from endowments, pension funds, etc. So, congratulations, you just screwed some teachers out of a pension.

@jonathanvillegasvilches2298 3 года назад

I've lost track of how many episodes I have watched of this. Really glad Dr.Mike did that recent video with you, now you have a new subscriber and a daily viewer!

@PrettyGuardian 3 года назад

The only stonks I've ever played are selling turnips in Animal Crossing.

@hivaladeen4892 2 года назад

The great Turnip Bubble

@yeetghostrat 3 года назад

the Stonkening

@LegalEagle 3 года назад

Lol. I'm adding this to the title

@yeetghostrat 3 года назад

@@LegalEagle :D

@alexfilatov1226 3 года назад

@@LegalEagle You madman you actually did it, you spent years in law school to title something the stonkening

@RatelRegalement 3 года назад

@@LegalEagle incoming copyright claim from the UK's Hale & Pace, re 'Stonk' xD

@MotaKriKrie 3 года назад

💎👐

@garthmarenghi9040 3 года назад

The real stonks were the memes we made along the way. Like that sea shanty they came up with.

@literalsarcasm1830 3 года назад

YAAAAARRRR!

@arkesh110 3 года назад

Link?

@roo2dee2 3 года назад

@@arkesh110 look up the tendieman to the tune of the wellerman

@garthmarenghi9040 3 года назад

@@arkesh110 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE--3SvJvN0x9s.html

@sirapple589 3 года назад

“There once was a stock that put to sea the name of the stock was $GME The price blew up and the shorts dipped down Hold my bully boys, hold”

@jb9652 3 года назад

LegalEagle, I'm very pleased to have found you today. Top quality comprehensive concise information! Essential to have all this information before taking action of any sort.

@Happyhenzo 2 года назад

I would love to see you look into this further with all the new information we've gotten. Especially naked shorting

@AshofApocalypse 3 года назад

A large amount of serotonin entered my brain when I read “the stonkening”

@johntaylor7029 3 года назад

"Everyone wants to sue each other" Lawyers across the land: : D

@guywithdacap4713 3 года назад

"It's free real estate!"

@aterriblefuze9540 3 года назад

@@guywithdacap4713 *stonks*

@heyitsnemo 3 года назад

You get a lawyer, you get a lawyer, everyone gets a lawyer!!

@sholahverassa8582 3 года назад

"They think it's hedge funds that control the economy, mwahaha"

@Seethenhagen 3 года назад

Legal fees only go up!

@tabchanzero8229 3 года назад

10:00 Laws against market manipulation are almost as old as the market itself. "In 1351 the Venetian government outlawed spreading rumors intended to lower the price of government funds." (Wikipedia)

@rustyshackleford2223 3 года назад

I love how much understanding you have. Keep up the good work!

@Money4Nothing 3 года назад

The hedge funds announcing intention to short, is just as manipulative as redditors announcing their intention to buy. Both actions are an attempt at influence. If short positions were secret, then a moral high ground might exist. But it doesn't. Short sellers blatantly and intentionally execute their actions in direct attempt to tank a company's stock to make money.

@TheNicolombiano77 3 года назад

You do know there are even bigger hedge funds that are long on GME right?

@angadsingh9314 3 года назад

There is no way to prove that. Since they do not explicitly announce what they hope to achieve with these announcements. MEANWHILE, r/WSB proudly announces that its intention is to manipulate the market.

@Reydriel 3 года назад

Which is why I see short selling as inherently unethical imo. Then again, a lot of shit these guys do in finance often are. But there is nothing unethical about the simple act of buying stock hoping it goes up in price.

@angadsingh9314 3 года назад

@@Reydriel Thoughts and hopes are never 'unethical'

@TheNicolombiano77 3 года назад

@@Reydriel nothing unethical about seeing a weak stock you think is gonna go down in price and betting on that

@HarbingerH 3 года назад

"All animals are equal, but some animals are more equal than others."

@jasonco2441 3 года назад

George orwell animal farm chapter 10

@bored_person 3 года назад

Ironically, that book was a commentary on communism.

@insertcognomen 3 года назад

@@bored_person it's convergent evolution...eventually all systems tend toward a rigged system of haves and have nots

@bored_person 3 года назад

@@insertcognomen that's an incredibly difficult claim to verify.

@neolexiousneolexian6079 3 года назад

@@bored_person Not really, at least empirically. Just look up graphs of income inequality over time in a diverse sample of systems.

@ignitionfrn2223 2 года назад

0:45 - Chapter 1 - Gamestop investors 4:40 - Chapter 2 - Shorting a stock 8:20 - Chapter 3 - Is this illegal ? 8:55 - Chapter 4 - Market manipulation 11:00 - Chapter 5 - Pump & dump 14:20 - Chapter 6 - Intent 16:15 - Chapter 7 - Who's manipulating who ? 18:00 - Chapter 8 - Collusion between hedge funds & robinhood 21:35 - Chapter 9 - Contracts 101 22:00 - Chapter 10 - Arbitration 23:55 - Chapter 11 - Restrictions on trading 26:05 - Mid roll ads

@fladder1 3 года назад

So what about those guys with huge short positions always giving interviews on why they have sorted a company so much? Isn't that market manipulation?

@Galeigh 3 года назад

At this point you should be selling merch with "It Depends" stamped on it

@erikk77 3 года назад

The adult diaper company would send a cease and desist letter :)

@oNovais 3 года назад

A mug with “milk or coffe? It depends!”

@erikk77 3 года назад

@cak01vej It's a joke.

@macmcleod1188 3 года назад

I can see the argument for Robinhood removing GameStop Stock from margin Trading . I cannot see the argument for removing GameStop stock from long Non margin Trading.

@d_shepperd 3 года назад

My immediate thought too. But it appears all purchases by a broker are, in effect, a margin purchase since the broker is not allowed, by SEC rules, to use customer's money. Only once the buy clears after a couple of days can the broker debit the customer's account. It seems Robinhood didn't have the cash to continue doing any more purchases of Gamestop (this could actually be the liquidity issue denied by the CEO). But Robinhood could continue to issue sell orders. I find it quite interesting sitting here in the grandstands at the 50 yard line.

@willdejong7763 3 года назад

I hope someone gets to court, just to see what was really going on behind the scenes, what actions were truly necessary due to SEC or other requirements, and if this then leads to meaningful changes in those requirements.

@chrisboyack 3 года назад

@@willdejong7763 They'd just make those involved sign some sort of NDA prohibiting them from divulging any meaningful information as part of a settlement. We'd still never get a peek behind the curtain, unfortunately...

@nfzeta128 3 года назад

@@d_shepperd Wait so does that mean the market just freaks out even before orders are cleared? Also are the people selling only the non-margin traders and the early clears from the squeeze? Or can you effectively send in a sell order to counteract a buy order that hasn't even cleared yet?

@MMuraseofSandvich 3 года назад

@@nfzeta128 _can you effectively send in a sell order to counteract a buy order that hasn't even cleared yet?_ You _could_in theory, but only if the broker allows it (if you start with 0 shares, probably not). If you do this enough times, fast, with a large number of shares, it's considered "churning", which is a form of market manipulation. Basically what this does is drum up phony activity on the stock to get other investors to buy in. I'm pretty sure brokers have ways to limit this sort of thing.

@YouthRightsRadical 7 месяцев назад

It seems to me that the only reason events like this do not provoke violence is that people do not understand the law, and thus falsely assume there is a legal remedy for the injustices they are facing. I wonder how wise it is in the long term to keep making it so blatant that there is no such remedy.

@sandysimpbait1085 3 года назад

Can't wait for the follow up video explaining the issues (margin accounts that shouldnt be margin accounts) that robinhood clients have with transferring accounts to other brokers.

@margothutton 3 года назад

Is anyone else on the edge of their seat waiting for the fatal moment his gesticulating finally smacks that lamp across the room?

@sophierobinson2738 3 года назад

M.G.L. Hutton I keep trying to get a good look at his hands, because his voice is like the LockPickingLawyer's.

@petertrudelljr 3 года назад

I was fascinated by how the light from the lamp was changing colors.

@petertrudelljr 3 года назад

When MGL Hutton speaks... people listen.

@AmericanGirlGymnasts 3 года назад

I think he may be infront of a green screen so it may just be a photo

@WhitneyHaverstock 3 года назад

Ooh. NOW I am. 🤔

@Paveway-chan 3 года назад

Finance & market manipulation in media: **hackerman** Finance & market ”manipulation” IRL: **internet going YOLO**

@wiwersewindemer4437 3 года назад

Sant

@charlesku4308 3 года назад

dogecoin set for another pump

@dallinburk5858 3 года назад

Very informative. Thanks for explaining something so complicated in such a great way!

@williamklemp3764 3 года назад

"Yeah, I cant tell you, but nothing's changed", as the camera pans into the bottom half of the Verizon logo

@pstrap1311 3 года назад

"they may have destroyed the financial market as we know it" Oh, thank god.

@DPGrupa 3 года назад

Premature celebration much? You speak as if things can only get better.

@SparklySpencer 3 года назад

Optimism is nice, and I'll support it Still, valid concerns

@rylog8 3 года назад

"maybe gambling money that doesn't exist on corporate success or failure based on rules that it's illegal to know but also relies on everyone acting in good faith isn't a great way to structure an economic system?" "Too late, we already put everyone's pensions on it."

@empichel5690 3 года назад

About time!

@PinkManGuy 3 года назад

@@rylog8 The pension-payers are quite literally human shields, and the only reason why they're so well-protected sadly

@override367 3 года назад

Why is it not market manipulation when Jim Cramer and a bunch of talking heads on CNBC talk up a stock or insist it be held that they have a financial stake in increasing

@ttww1590 3 года назад

The well practised avoidance of key phrases and the inclusion of key info. In 2020 many on WSB were sticking to the same guidelines, or going comedicly the other way as to claim jest. Many of the unwashed masses who started arrive late 202 and in 2021 are new to trading and unaware or uncaring of any possible issues or liabilities tied to statements they make or guidance they give.

@dylangolden30 3 года назад

A lot of those guys refrain or are forbidden from trading in the market for that reason

@EroticInferno 3 года назад

They “play by the rules,” that they wrote, that enable them to benefit without it looking immoral :)

@angeljaceherondale 3 года назад

Privilege

@Adamdidit 3 года назад

@@dylangolden30 wait hang on..this is new info to me so if you dont actually trade or buy or own yourself.....what rules are you exempt form here?

@ncjedi 3 года назад

Great video! One of the best explanations of the event, well explained from both sides' perspectives.

@JohnSmith-ii3cu 10 месяцев назад

This situation proves several things true: Many people do things without understanding them, especially when it comes to finances. Many people sign up for things without reading the agreement or contract that comes with it.

@ccricers 3 года назад

Can the name “Robin Hood” get any more ironic?

@sorartificial 3 года назад

No-thingham

@rvanzo925 3 года назад

Robin Hood is a thief. What do you expect form a Thief? And in the story Robin Hoof steals from the government (sheriff) to give back to those who created the wealth.

@maj.romuloortiz7832 3 года назад

@@rvanzo925 Robbing The Hood*

@tardigrade8019 3 года назад

@@rvanzo925 seems like reddit was using the app as intended then :^)

@stensoft 3 года назад

Taking from the rich, giving to the poor. When GME price increased, Redditors became rich and hedge funds poor. I think it is an apt name then :)

@notablegoat 3 года назад

"Melvin Capital only had 12 billion dollars to begin with" aw the poor, poor babies

@LeetMasterAce 3 года назад

I caught this too and thought: "ONLY!?"

@moyayaille2609 3 года назад

The intention was probably to empathize that the 3 billion injection was a lot

@junjunjamore7735 3 года назад

Wish I had that problem.

@MagiconIce 3 года назад

In the world of Hedgefunds, it is probably really "only" 12 billions, that other hedgefunds are way richer. Hence other, bigger hedgefunds could aford to just give some billions away to protect Melvin Capital.

@yaci7945 3 года назад

Bridgewater has like 100 billion

@jordanlamp5050 3 года назад

This channel is some of the best content on the internet as a whole.

@cursedcat6467 28 дней назад

People being smart about investing: The bourgeois: THATS CHEATIN’!

@Iceman-135 3 года назад

Now that T-rump is gone, its actually becoming fun to see you take on these whimsical events, instead of dedicating 4 videos in a week to some add-to-the-pile crazy stuff. I liked this!

@meowtherainbowx4163 3 года назад

As important as those videos were, it got very tiresome very quickly through no fault of his own.

@stevenn1940 3 года назад

@@meowtherainbowx4163 it's refreshing to not have to think "oh god, what's going to happen this week?"

@GaussianEntity 3 года назад

@@stevenn1940 Now we have to think "Oh God, what's going to happen this week?" but with other things

@Dylan-hb5zr 3 года назад

Or maybe it's that LegalEagle, like everyone else, has a political Bias. Biden has signed 43, yes, 43 Executive orders in just his first Two weeks in office. It took Trump months to get to that level. If Devin wanted to, he could talk about the Legality of ending the Keystone XL pipeline through an executive order (thereby laying off thousands of well paying Union jobs) or allowing boys to play in girls Sports. But guess what? He's not gonna cover that stuff, Because that doesn't fit his narrative. I hate both presidents. I just sincerely doubt Devin is gonna look into any of Biden's shenanagians. I would love to be proven wrong here.

@GaussianEntity 3 года назад

@@Dylan-hb5zr It seems like you're complaining about literally nothing. Maybe try turning your brain on and off again to make the problem go away.

@kaelibw34 3 года назад

Frankly I’m just pissed at the reaction of all these hedge funds trying to force out the average person from the market after years of talking down to us telling us to invest

@KylePoni23 3 года назад

You poor people should invest No no, not like that!

@matthewferrantino9521 3 года назад

I'm with the hedge funders but only on a technicality. Investing is like war. I can't make you do it the way I think is better but I still believe it will hurt everyone entirely if you're too reckless. #FrenchRevolution But if there's a reason for something radical and new to be risked it might be the only way to learn. Just try not to repeat any old already established mistakes.

@moscanaveia 3 года назад

@@KylePoni23 It isn't poor people investing though, is it? Poor people have their hands full buying food and paying rent. It's middle-class people with enough comforts to their life, enough time in their hands and enough dough in their pockets that can buy this shit and act all self-righteous talking down the hedge funds while hoping to sell this crap at a margin. You don't get to fix a broken unjust system by engaging with it by its rules.

@isabellamorris7902 3 года назад

@@moscanaveia This is what I'm worried about. Seeing people say things like "I can survive the loss of $1k so it's worth it to keep this thing going"... well not everybody can, and ultimately we're talking about thousands of individual actors. Many will simply be looking for a quick buck

@green6676 3 года назад

i'd really love to see a video going into a little depth about what can and cannot be included in those terms and conditions contracts, like to what crazy kinds of conditions could companies put in those contracts, if they really wanted to; Like, could they claim my soul or does it have to be of a certain relevancy to the service?

@robertkayborn7084 2 года назад

What I don't understand is why "legitimate business reasons to do what they did", and the fact that Robin Hood customers signed their TOS would somehow protect Robin Hood from lawsuits related to market manipulation. The fact that they prevented their customers from buying Gamestop stocks through them, while allowing them to sell clearly affected the price of Gamestop stock, and if they did so for legitimate business reasons that would then be admitting that they tried to lower the price. The issue isn't whether Robin Hood broke their TOS, but rather if they broke the law.

@imjeremy51 3 года назад

What about all the media saying Reddit is now "targeting silver?" Even though there wasn't a single upvoted post about silver on the forum. This is false information used specifically with the intent of manipulating investors. Melvin has big long positions on silver, directly profiting from it. Also, Citidel a major person in a short position on game stop, is a major investor in robinhood.... pretty convenient. Seems like a lot of manipulation to me.

@soangry 3 года назад

The qanon types have been hyping silver. Of course you wouldn't hear about it because it's entirely different circles.I only know because of moles on Gab that relay the dumb things they say.

@Monjipour 3 года назад

To me this is the most striking example of market manipulation in this whole affair The ability to influence the market is clear for media, and they are supposed to be subject to fact checking which they apparently forgone during this affair It's either diffamatory to say that r/waalstreetbets is buying silver or it's market manipulation I bet they won't even be taken up on it though

@eugeneoliveros5814 3 года назад

@@Monjipour do not fall for the silver bs, that is bad and an attempt to draw away attention from the whole Gamestonks thing

@imjeremy51 3 года назад

@Phi6er this is why net Neutrality is important.

@GhostGlitch. 3 года назад

@Phi6er that's tor/the darknet. It exists

@Ninjaa320 3 года назад

Leaving aside everything else, if we believe everything Robinhood has said up to this point then: The CEO lied on national television, misrepresenting their product in an extremely impactful way. If I was joining a broker, I'd be very interested in what liquidity they have. The CEO said they had no liquidity issue, which we know to be objectively false. Isn't this not very different than a food product stating it is 'calorie free' when it actually is not? Or a car company saying their car gets 25 MPG highway when it actually only gets 13 MPG highway?