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0 pointsmlthoughts20185y ago0 comments

How is this related at all to the broker question? Exchanges and brokers are completely different concepts.

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slg5y ago

Because the logic that comment used for a lawsuit was as follows:

>They are making the price of what you hold fall...they deserve to be sued good and hard for this.

That logic applies to a number of entities and not just brokers. If I can sue a broker for this reason, can I sue anyone for that reason?

mlthoughts2018OP5y ago

That’s not how laws work. Just because you personally see a way it can be philosophically generalized or conceptually generalized does not mean laws apply the same to all generalizations. Brokers, exchanges, investment firms, banks, etc., all have specific legal obligations based on different types of fiduciary duty, different service offerings, etc. It can easily be the case that an exchange entity has a legal ability to deny access through delisting while a broker entity does not have the right to deny service in some particular scenario.

I am not saying what the case is for brokers today, but regardless, appealing to some notion of proof by contradiction because of generalizing a behavior is not a valid way to analyze the situation.

slg5y ago

>It can easily be the case that an exchange entity has a legal ability to deny access through delisting while a broker entity does not have the right to deny service in some particular scenario.

I realize that. That previously quoted answer was in response to me asking "Does a broker have a legal obligation to allow you to purchase any stock?" Someone answered that with a broad response without referring to any laws. I'm not sure how that leaves me with a responsibility to do a full legal breakdown of the issue.

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slg5y ago

Because the logic that comment used for a lawsuit was as follows:

>They are making the price of what you hold fall...they deserve to be sued good and hard for this.

That logic applies to a number of entities and not just brokers. If I can sue a broker for this reason, can I sue anyone for that reason?

mlthoughts2018OP5y ago

I am not saying what the case is for brokers today, but regardless, appealing to some notion of proof by contradiction because of generalizing a behavior is not a valid way to analyze the situation.

slg5y ago

>It can easily be the case that an exchange entity has a legal ability to deny access through delisting while a broker entity does not have the right to deny service in some particular scenario.

1 more reply

j / k navigate · click thread line to collapse