Immediate Executive Action to Protect Individual Investors

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The Issue

Today has been a day that will live in financial infamy. Many individual investors have been harmed by the concerted actions of Wall Street Terrorists. With small businesses nationwide closed and people with few opportunities to make money during the pandemic, investing has been one of the few avenues for regular people to make an honest income. Millions of new investors have recently joined platforms like Robinhood to take part in America's amazing economy which unlike ordinary Americans, has continued to flourish. But the S&P500 was not the only thing that fueled the vigor and spending of individual investors. The exposed and misguided greed of firms such as Melvin Capital and Citron and the short squeeze they created induced many investors to invest heavily into shorted stocks to participate in the gains. These shorted positions were practically advertised by outlets such as CNBC and investors took the bait. The little guy was winning but not for long. Other firms such as Citadel allegedly came to the rescue of the shorts and may have directed Robinhood to restrict individual investors from purchasing the short stocks. This put a gun to the head of the individuals to either sell now or risk waiting another five minutes and losing more value. 

This cannot stand. Mr. President, Congress, anybody -- please investigate this! The American people are begging for transparency and justice. Investigate Mr. Palihapitiya's claims; The Winklevoss's claims; Mr. Portnoy's claims. At the very least we deserve an investigation. 

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