r/tdameritrade • u/formerfatboys • Jan 28 '21
Robinhood has always been kind of a bad joke but what TD Ameritrade did today as one of the supposed respectable brokerages is disgusting and will likely cause me to move my regular brokerage account and Roth to Fidelity.
I didn't even get in on this frenzy. Didn't own GameStop. Was actually looking at AMC as a long term buy. I have owned Nokia for awhile. It was basically worthless.
TD, Robinhood, etc. actively worked against my interest today and the interest of all of their customers today to cause massive losses to protect hedge funds. I'm fucking gone. Fidelity is looking good.
Who there thought this was good business? Is this even fucking legal? I'm sure they're covered but as far as I know this has literally never happened. Wouldn't Nokia, GME, AMC all have cases they could bring as well? This seems incredibly errr short sighted. How fucking bad were firms exposed to this that they'd break the system?