you guys should get yourself familiar with market regulations it's illegal for anybody to conspire and coordinate trades to manipulate securities prices. Period.
Amy Lombard / The New York Times Online trading platform Robinhood is expanding its office presence. Robinhood aims at NYC, Seattle for offices Online brokerage Robinhood Markets Inc. has started hiring for offices it's opening in New York City and Seattle. The New York office will be the online brokerage’s first location in the Northeast and gives the Menlo Park, California, company a physical presence in the nation's financial capital. A Robinhood spokesperson said the company is targeting a space in Manhattan. The posted jobs for New York seek data scientists, engineers, product managers and marketing researchers. The jobs for Seattle target privacy, security and infrastructure. The expansion plans come on the heels of Robinhood’s involvement in recent Wall Street volatility. Robinhood also has offices in Denver; Washington, D.C.; Lake Mary, Florida; Southlake, Texas; Tempe, Arizona; and London.
In PROFESSIONAL settings, yes. There have been where cases professional investment houses colluded using social media or internal chat system to fix prices and etc. like the Libor rate scandal. The professional investment houses were doing it to the detriment of their clients as what they were doing directly eroded the investment value of the forex for example in the Libor scandal. But this is different. In this case, the retail traders were just discussing a stock and then at the end decided to buy the stock. They might use colorful language or talk about a certain group or a certain person but those are all just TALKS!! They didn't have any specific price targets, any specific strategies besides just buying stocks and call options, they didn't have coordinated plans or actions all at specific times and they didn't have any mechanisms of enforcement of the "collusion". If you participated in the discussions and in the end still decided to not buy the stock, you face no negative consequences. So nice try! To use an extreme case of price collusion by professional investment houses to apply to retail traders who were just talking and trading or not even trading. The SEC wants to waste their time and energy and taxpayers' money just to show that they are doing something, go right ahead. But at the end, only one result would appear: Much ado about nothing when they should be using their time and energy investigating and prosecuting people who really violated security laws like Citadel Securities, Clearinghouses and RH who actually colluded together to restrict buying transactions to manipulate the market to suppress price increases.
LOL, you are so fucking confused with all those securities laws maybe you should tell the SEC how to interpret their securities laws LOL