February 20, 2020
Why SEC is trying to regulate the short selling ETF's but they don't do anything about the trading application Robin Hood that is running on IPhones and is using unlimited margin. With this application people open a brokerage account with a $4,000.00 and are buying on margin securities up to $2,000,000.00 and there is no typing mistake here. Is that margin for real? Or is just a fraudulent computer application that is buy passing some requirements and allow those who are using it to enter in the possession of stocks without transferring the money to the seller, like the fake credit or debit cards where the store receives the approval of the payment but few days later the payment is reversed because the money did not entered in the store's bank account.
With that Robin Hood trading application people who are using it are just manipulating the stock market and SEC is not interested to find out nothing about it.
What is SEC planning to do about the bitcoin? Another mystery about those who are selling bitcoins, are the money somewhere or is just a nice number on a computer?