The assumption is ludicrous. Finance markets are one of the most highly regulated industries in the nation. The myriad of rules and regulations are meant to “protect the investor”, but the reality is it ends up looking like this sometimes.
Thousands of idiot kids were probably saved from buying GameStop at $450/share.
Thousands of idiot kids were probably saved from buying GameStop at $450/share.
Yet the market was not closed for the Wall Street banksters. Why is that?
Sorry, not buying the “We wrote that complicated law with the BEST intentions to protect the little guy, it’s just one of those ‘things’” argument.
GME traded at $38.50 today, down from over $500 just 3 weeks ago. Gravity has not been repealed.