Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Gamestop
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="SecondhandSnake" data-source="post: 16568656" data-attributes="member: 116684"><p>It's one of those things that is only as illegal as the governing body, in this case the SEC, interprets or deems. Us plebs may see it as blatantly illegal, but we're not the ones enforcing it. Given how intertwined the SEC is with Wall St, I wouldn't hold your breath on them interpreting it in a way that they would go after Robinhood. Now the class action lawsuit on behalf of users in the district of New York might be another story. They tend to be rather aggressive and loose with their interpretations when it aligns with their causes (i.e. Trump, NRA, etc...) It depends if their terms and conditions have some clever legal wrangling about denial of certain services.</p><p></p><p>It's kind of like the ATF debacle. The law states commercially selling a firearm without a background check is illegal. But what is a firearm? Is it the barrel? Is it certain parts? Does it have to be functional? All of that is up to them to "interpret." Allowing the government to effectively make laws based on their interpretation that can change with the wind is a dangerous game in my opinion, but that's just me, man.</p><p></p><p>EDIT: Also take into account the result if it is found illegal. Slap RH with a $500,000 fine when they saved their parent company $1B in losses, and it's a smart investment. The way a rich guy sees a $60 parking ticket as just the price of parking.</p></blockquote><p></p>
[QUOTE="SecondhandSnake, post: 16568656, member: 116684"] It's one of those things that is only as illegal as the governing body, in this case the SEC, interprets or deems. Us plebs may see it as blatantly illegal, but we're not the ones enforcing it. Given how intertwined the SEC is with Wall St, I wouldn't hold your breath on them interpreting it in a way that they would go after Robinhood. Now the class action lawsuit on behalf of users in the district of New York might be another story. They tend to be rather aggressive and loose with their interpretations when it aligns with their causes (i.e. Trump, NRA, etc...) It depends if their terms and conditions have some clever legal wrangling about denial of certain services. It's kind of like the ATF debacle. The law states commercially selling a firearm without a background check is illegal. But what is a firearm? Is it the barrel? Is it certain parts? Does it have to be functional? All of that is up to them to "interpret." Allowing the government to effectively make laws based on their interpretation that can change with the wind is a dangerous game in my opinion, but that's just me, man. EDIT: Also take into account the result if it is found illegal. Slap RH with a $500,000 fine when they saved their parent company $1B in losses, and it's a smart investment. The way a rich guy sees a $60 parking ticket as just the price of parking. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Gamestop
Top