LogFAQs > #950082458

Putting aside the market manipulation of the brokers limiting us to buy certain stocks which obviously isn't legal, I still can't understand why what WSB is doing is legal

The question that always raise when something unique happens for the first time is pretty much always "why did no one thought of that before"
But the answer to this is obvious - someone did. A lot of people did. It's just not legal.
I know for a fact it's not legal in Israel and it would surprise me if it is legal in the US
A community can't say "let's all buy X stock and hold it!". When you are small, maybe no one will notice you, but you still can't.
Pewdiepie or other super popular streamers can't just stream "Hi guys let's all buy $WEN because I like Wendy's and hamburgers are delicious"
He can't do that. The SEC will hunt him into the depths of the earth.

Same goes for WSB. They can hide behind "we are not organized, we just like the stock" all day but come on we all know this is bullshit. This is a clear and cut market manipulation and the SEC should have issued a C&D to WSB/Reddit long ago

Of course they won't be able to take everything down. Like the WSB Telegram group, but who really cares about it? plenty of bots spamming "NOK NOK NOK NOK" is just stupidity that no one will takes seriously

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wololo