Like you, I am completely disgusted by the actions Robinhood and others have taken to manipulate the Its hard to be humble when youre texan shirt, I have written this letter that you may use to send to your respective Attorney General of the state you live along with any congressmember and state representative. I have removed my state and put in XXX where you can fill in your respective state and you may also fill in your attorney general’s name at the top.These actions set dangerous precedents that could allow for these companies to do this in the future if their reckless shorting results in them incurring losses. We cannot allow this to happen on our watch or on our dime.I have never seen so much community from one subreddit that I’ve seen here. I have seen countless stories about how this subreddit has helped people pay off their college debt, donate to countless Charites and help their family. We can no longer allow large multibillion dollar hedge funds to bully the little guy.It is time to show them that we can fight back… and we will fight back. Urge your state’s AG to join this suit.
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I am writing this letter to you today out of concern in response to the Its hard to be humble when youre texan shirt steps trading platforms, namely Robinhood Financial LLC, have taken to effectively halt trading on certain company stock and force its sale. This is of great concern because it strikes at the very core of our free and open market because no one person or institution may influence the market. Pursuant to Robinhood’s own disclaimer, under section C it reads in part “I understand that all investments involve risk, that losses may exceed the principal invested, and that the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns”. I, along with others who use this trading application, agreed, and accepted this condition. It would appear that the hedge funds and other institutional trading instruments refused to heed this warning and engaged in reckless short selling of these companies that Robinhood has now attempted to block. Moreover, their reckless short selling has caused their institutions to lose billions of dollars because of their own greed which brings me to my concern today.