There are several types of suspensions, and circuit-breakers.
Trading 212 has restricted trading on $GME and $AMC in invest and ISA. By restring the securities to sell only is willfully conduct to manipulate the supply and demand for $GME and $AMC to sell only.
Iām going to go through the correct lines of enquiry but will be taking this to the FCA
No, they are not - T212 relies on infrastructure and market access from IBKR. IBKR have restricted access to GME and AMC (though why T212 didnāt just say that from the start I donāt know).
I think it is a bad move by IBKR (as it plays to conspiracy theories) personallyā¦
Robinhood also didā¦
Trading 212 or IB does not matter. They need to take accountability
Of course it matters - if IBKR donāt offer it there is no route to market. As I said I think the decision by IBKR stinks, but it is not T212s fault.
IIRC T212s T&Cs explain that they use IBKR to access markets and that is a risk that we take by trading through an intermediary (T212) of an intermediary (IBKR) (for free).
What can those of us do that were in BB? T212 hasnāt blocked it, but most US retail platforms have done so, thus helping the price dive.
Do I have any options here to regain losses?
āFree marketā what a shame
Whereever I look I see manipulation.
Elections, politics, trade
Its so sad. Maybe I am just too naive or idealistic but its just wrong ;-(
They are not allowing me to sell. I guess there is no buyer as its suspended.
T212 isnāt regulated by the SEC so I wouldnāt bother!
Under FCA regs they can limit, itās not the same as the US regs
You should be ashamed of yourselves. Crooks.
āTrading platforms including the popular app Robinhood, Ameritrade, and Fidelity have halted users from purchasing shares of certain companies that Reddit users have been buying up en masse.ā-Business insider
Just imagine if IB/trading 212 was on the right side of history. This was deliberate and organized. All retail brokers take same, dubious, manipulating action!
No excuse for poor system performance. Theyāve been having these issues for a very long time.
Imagine the huge gain in credibility among retail investors if IB/trading 212 did not team up with other manipulating forces.
Trading212 would be celebrated and more retailers would flock to them, seeking fair market practices
Insteadā¦
So the narrative has changed from T212 placing the restrictions to protect us to their intermediary not allowing it? Great
This is most definitely not Trading212ās fault but they are complicit in allowing it to happen for this long. What have they done to reverse this move by IB to stop traders from buying these stocks?
Why would they want to? They are in on the deal, share lending is for shorts?
Dont be naive, dont count trading212 out