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Vanguard’s New ETFs Challenge Canada’s Robo Advisors.Tangerine Investment Funds vs Robo Advisors.Questrade Forex: How to Transfer USD into your Questrade Account.The Best ETFs in Canada for Young Canadian Investors.A year ago, they even joked about the subreddit's formally acquiring the company by purchasing common shares now some of the users are talking about that possibility a little more seriously. On the other hand, if people who worked for an investment firm stated their intent to change the price of publicly traded stocks by buying them in specific ways, they would probably have gotten into trouble with financial regulators.īut the Redditors aren't an investment company, and their actions don't appear to be a pump-and-dump scheme that would allow regulators to get involved they're a motley crew, of course, but some truly appear to believe in GameStop. On one hand, unlike what Melvin (and many other hedge funds) do, what the Redditors did was all done out in the open. It's somewhat questionable whether what the Redditors did is strictly legal, and Nasdaq has already vowed to halt trading on any stock linked to what it is terming unusual social media activity. Opinion General Motors, Sears and Toys R Us: Layoffs across America highlight our shredding financial safety net If the business is to remain a going concern, those short sellers have to fail. But when a business (or, at least, a business's stock) is dying - as GameStop's was - it attracts predatory short sellers. People who work in financial services are quick to say - though not everyone is quick to believe them - that short selling is not a fundamentally evil thing to do it's a way to take money from a supposedly overvalued business and put it into another business, which is what an ethical fund does when it sees something that looks to it like it's the wrong price. Citadel Securities specializes in computerized, high-frequency trading and can use the information to make money off fast-moving trends - like the GameStop stock price explosion. Robinhood is popular, easy-to-use software - though it did raise eyebrows when it sold its "order flow" (which is direct access to the list of stocks its customers are buying and selling before those trades hit the market) to the market maker Citadel Securities, a sister firm of Chicago-based hedge fund, Citadel. Quite a few of them say they are using the app Robinhood (which doesn't allow shorts) to make their trades, rather than a brokerage. Most Redditors, like the rest of us, can't short-sell.
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