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Every Thing Else Board
Investment people.. Have you been following the GME kerfuffle?
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<blockquote data-quote="Nesikep" data-source="post: 1662197" data-attributes="member: 9096"><p>Actually, a lot of people also hated Gamestop for some of their policies.. a joke on one of them I heard recently was "Your GME stocks must be returned in their original packaging" as a take on their policy that games had to be returned in original packaging to be worth anything.</p><p></p><p>The reason you can't BUY stock is actually much more nuanced and goes way up the chain in the stock trade ladder.. I can't explain it very well but small brokers deal with big brokers that deal with a company called DTC which essentially guarantees the money used from the brokers is actually there. Depending on who your broker was you still could buy stock if they traded directly with DTC, but the requirements to buy had changed, previously 1%, then 5, then 10%, and finally 100% of the money had to be paid in order to buy and they couldn't guarantee that much.</p><p>This goes into it more</p><p>[MEDIA=youtube]MAqxQe0l4g0[/MEDIA]</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1662197, member: 9096"] Actually, a lot of people also hated Gamestop for some of their policies.. a joke on one of them I heard recently was "Your GME stocks must be returned in their original packaging" as a take on their policy that games had to be returned in original packaging to be worth anything. The reason you can't BUY stock is actually much more nuanced and goes way up the chain in the stock trade ladder.. I can't explain it very well but small brokers deal with big brokers that deal with a company called DTC which essentially guarantees the money used from the brokers is actually there. Depending on who your broker was you still could buy stock if they traded directly with DTC, but the requirements to buy had changed, previously 1%, then 5, then 10%, and finally 100% of the money had to be paid in order to buy and they couldn't guarantee that much. This goes into it more [MEDIA=youtube]MAqxQe0l4g0[/MEDIA] [/QUOTE]
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Investment people.. Have you been following the GME kerfuffle?
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