OK, but who are we protecting here? Someone who reads a social media post and makes an investment without doing any due diligence?
That's 90% of WSB, seeing a ticker and rocket emoji and YOLOing into the latest stock because someone said it was going up. Why is this different?
And these are OTC, pink slip stocks. Most major brokerages don't carry them and people who trade them know they're investing in distressed companies with low liquidity.
Sure, go after the pump & dumpers, but it's not clear what the criteria is for halting trading on a stock.
Risk is inherent in any investment. Don't invest what you're not willing to lose because you could lose everything. Your investment can always go to 0, wether it's in stocks, bonds, real estate or a business. And don't invest in what you don't understand.
That's 90% of WSB, seeing a ticker and rocket emoji and YOLOing into the latest stock because someone said it was going up. Why is this different?
And these are OTC, pink slip stocks. Most major brokerages don't carry them and people who trade them know they're investing in distressed companies with low liquidity.
Sure, go after the pump & dumpers, but it's not clear what the criteria is for halting trading on a stock.
Risk is inherent in any investment. Don't invest what you're not willing to lose because you could lose everything. Your investment can always go to 0, wether it's in stocks, bonds, real estate or a business. And don't invest in what you don't understand.