Illegal Trading on GameStop? or WallStreetBets: The Stonkening

Did the hedge funds illegally manipulate the market? Did the redditors of Wallstreet Bets? STONKS

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Sorry, occupational hazard: This is not legal advice, nor can I give you legal advice. I AM NOT YOUR LAWYER. Sorry! Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form an attorney-client relationship. Also, some of the links in this post may be affiliate links, meaning, at no cost to you, I will earn a small commission if you click through and make a purchase. But if you click, it really helps me make more of these videos! All non-licensed clips used for fair use commentary, criticism, and educational purposes. See Hosseinzadeh v. Klein, 276 F.Supp.3d 34 (S.D.N.Y. 2017); Equals Three, LLC v. Jukin Media, Inc., 139 F. Supp. 3d 1094 (C.D. Cal. 2015).

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[LegalEagle]

📉 GameStop stock is plummeting. HODL?

[SilverKnight]

Part of me wishes that this could see its way to court, only to hear someone who spent god knows how many years slaving away at law school have to actually say phrases like, "Meme stocks, " and, "For the lols, " in front of a judge. You know, for the lols and all that.

But this video will have to do.

[danrich]

If Senators can dump airline stock a couple days before announcing a Covid travel ban,
we're all good here.

[Doomroar]

His ability to not hit that lamp with his hands is astounding.

[TriggerHappyRC]

What I learned from this:
1) Everything is market manipulation.
2) You have to prove intent for it to be illegal - good luck.
3) The brokers are above the law because they write their own laws.

[Penfold]

“Well, that’s day one of law school done - what have you learnt?”
“Well, it depends.”
“Congratulations - here’s your law degree.”

[techmouse.]

"Do you take this woman, for better, for worse, for richer, for poorer, in sickness and in health?"
"It depends."

[RWAsur]

Schrödinger's Stock Market (n) *definition:* every trade and participant is engaging in legal and illegal actions at the same time

[Reavyr]

My favourite thing from all this is
"Use the free market to get rich!"
"But not like that!!"

[Tanglw]

2020 was crazy, hope 2021 comes to heal everything...

2021: MONEY IS AN ARTIFICIAL CONSTRUCT AND HAS NO MEANING!!!!

[brettmajeske]

Objection: Those who used other platforms than Robinhood could file a class action lawsuit. They did not sign any user agreements, but the Robinhood restriction directly effected Gamestop prices.

[cupofcait]

Every time he says Game Stop stock you can feel the urge to just say Gamestonk

[kosviik]

2020: The economy is falling apart!!! :'(
2021: The economy is falling apart!!! :'D

[tigress]

I choked on water when he said "members" and the screen highlighted "degenerates" for the subreddit member count lmao

[AbderrahmanFodili]

Warren Buffett: only invest in what you understand
Gamers in reddit: understandable, have a nice day

[thewave]

2020: I'm a bizarre and terrible year.

2021: Hold my stonk.

[seanburke]

Hi, fellow attorney here. You failed to address one of the fundamental problems with barring class action lawsuits via arbitration agreements - Without the ability to join plaintiffs as a class, it is possible for malefactors of great wealth to defraud many (even millions) of people of very small individual amounts each. Steal $50 from a million people and you have made $50 million dollars, yet no single one of those people has an amount at issue that would provide any attorney with a potential recovery to attract their services.

Without legal representation, plaintiffs are very unlikely to pursue or obtain recovery given the costs, time commitment, and complexity of arbitration, particularly in matters as complex as financial regulation.

Sincerely, a guy who has represented plaintiffs in FINRA arbitration.

[JDLaney-zkwb]

I wish I was this early at buying GameStop stock.

[canuckguy]

“It’s like giving dynamite to children: it might cause a huge amount of damage but it’s definitely going to be fun to watch.”

I don’t care that Devin is a successful lawyer I am SO stealing this.

[HanMasho]

Legal Eagle: "It depends."

Me: "Oh yeah! Talk nuance to me."