Clearly, what is going on in the markets should be a wake up call to anyone that thinks we either have a fair or free market at all. We have manipulated markets and the house of cards where people think the greatest economy in history was true is being revealed as nothing more than manipulation. Now, the Texas Attorney General is getting involved in the entire Robinhood fiasco.
Mac Slavo writes:
The probes and lawsuits are coming.
Texas Attorney General Ken Paxton sent out a Civil Investigative Demand to 13 entities, including Robinhood and Citadel, regarding the “suspension of stock trading and investing” requiring higher margin reserves for trading certain companies and suspending chat platform activity.
Other names which were also issued CIDs include Discord, Robinhood Markets, Robinhood Securities, Interactive Brokers, TD Ameritrade, TD Bank, E-Trade, WeBull Financial, Public Holdings, M1 Holdings, Citadel Financial, and Apex Clearing.
“Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding it, particularly for their own benefit. This apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly unprecedented and wrong. It stinks of corruption,” said Attorney General Paxton.
“I’m hopeful that these companies will step up and cooperate with these CIDs in order to clear any confusion over why stock purchases were forcibly closed and why even conversation around these stocks was silenced.”
In addition to public statements and internal documents, the CIDs request copies of all terms of service, policies related to content control and moderation, and communications between platforms and moderators of chat servers, including decisions to limit, control, or prevent access to the Discord r/WallStreetBets server.
Read copies of the CID here.
Yeah, well, I gotta tell you. The entire system is so corrupt at this point that I don’t put much stock in Paxton and company actually bringing any justice in the matter because it will expose all of Wall Street for the fraud that it has become.
The time for dissolution of this entire twisted fascist monstrosity has come.
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