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0 pointsnodesocket8y ago0 comments

If people could get refunds in the US stock market because of flash crashes, algo trading, that sort of doesn't make the market a balanced market anymore.

See 2010 flash crash. "Procter & Gamble in particular dropped nearly 37% before rebounding, within minutes, back to near its original levels. The drop in P&G was broadcast live on CNBC at the time, with commentator Jim Cramer commenting."

0 comments

hnaparst8y ago

Exactly. There are a lot of problems with compensating customers who lose money. This is why it is unethical for Financial Advisors to do that.

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0 pointsnodesocket8y ago0 comments

If people could get refunds in the US stock market because of flash crashes, algo trading, that sort of doesn't make the market a balanced market anymore.

0 comments

hnaparst8y ago

Exactly. There are a lot of problems with compensating customers who lose money. This is why it is unethical for Financial Advisors to do that.

j / k navigate · click thread line to collapse