Friend,
This
week, we’ve watched millions of dollars be made on the stock market.
But instead of this money going into hedge funds and the corporate
elite, it has been going to individuals who are investing directly in
GameStop and AMC stock.
It's the democratization of the stock
market.
However, retail
trading platforms like Robinhood, TD Ameritrade, and Charles Schwab
announced, then eased, their restrictions on transactions related to
GameStop and AMC — unless you were selling your shares. Meanwhile,
hedge funds can continue to buy these stocks like normal. This will
artificially drive prices down, which protects the hedge funds who
have built their businesses on shorting stock and betting on the
failure of businesses, the loss of jobs, and the decimation of
communities.
Simply put,
by enforcing these restrictions only on individual people, these
companies are working to wrestle the stock market -- and profits made
from it -- back out of people's hands and back into the hands of the
elite institutions and people who have always held control of the
stock market.
This
is market manipulation, and that's why I’m calling on the SEC to
investigate the actions taken by Robinhood, Charles Schwab, and
others. Will you join me?
Best, Ted
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