punishments for the winners and confiscation of their winnings.
You honestly think they would go after a few million reddit users for their legally gotten gains? That would further destroy wallstreet the likes of which would be unimaginable.
send the SEC after many of these people for securities violations
There are none.
They'll try to get people for money laundering
Are you just larping now?
You really are either delusional or misinformed if you think the financial establishment (which includes the SEC) will not do anything about this. They won’t go after every single person, but they’ll go after anyone who won big and make examples of them. That is what the sec does.
Your opinion about whether they should, whether they have the right to, or whether it would be fair, is completely irrelevant. All that matters is what the SEC thinks. Furthermore, these retail investors have zero training or experience backing them up and they do not have big law firms on retainer to defend them like wall street firms do. They are lambs to the slaughter.
Who do you think bullied robinhood into shutting down trading for gme and why?
I'm certainly not in the privy of these types of conversations. But I just can't fathom that. They're already tipping their hand with how this is being handled. That much and they are literally flipping their hand over on the table and saying they have something else.
I just don't see it as feasible.
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