AOC's petition to investigate Robinhood and Wall Street

Her email follows:

The Wall Street elite are in a frenzy this week after young traders on Reddit decided to hedge their own bets on the stock market — resulting in struggling companies like GameStop seeing their stocks skyrocket in value, and causing massive losses for wealthy investors.

Now — at the insistence of Wall Street — trading platforms like Robinhood and TD Ameritrade are restricting trades, thereby allowing certain traders, like hedge fund managers, to keep buying and selling normally, but freezing out all others.

The wealthy and powerful have always claimed our country’s free market is the cornerstone of the American Dream. Well, if it is then everyone should be allowed to participate.

If you agree, add your name asking Congress to open an investigation into Robinhood and others’ decision to freeze trading for retail investors.

Apparently, it’s okay for Wall Street to treat our economy as a casino, but when average people on a message board decide to do the same, they’re freezed out?

We don’t think so. That’s why we’re calling on the Congressional Committee of Financial Services to open an investigation into Robinhood and other retail trading platforms’ decision to block retail investors while hedge funds are able to keep trading freely.

For decades Wall Street has been doing exactly what these new traders are doing, but now that others outside of the circle of wealth have access — it’s a problem.

The “market” was so quick to act when billionaires started losing their money, but when those same billionaires cause recessions and millions lose their homes, no one bats an eye.

It’s time that Wall Street is held accountable. Add your name to ask Congress to open an investigation into the decision to freeze retail traders out of the market.

Thank you,

Team AOC