In an interview with Insider on Thursday, Denier said the SEC should take action to regulate the breakneck price action in several heavily shorted stocks this week, saying,"these kinds of things usually end bad."
"Just like anything else, order creates prosperity. This order and chaos is never good for anyone. It may be fun, but anarchy never works," he said. He added:"One of the conceptions is that, 'this is a free market, and if we think the stock should be $10,000, you can't stop us,' when that's really not the case. The whole point of regulators is to maintain an orderly market, and if the market becomes disorganized and disconnected, they step in, whether it's going down too hard or it's up to hard." "I'm pretty confident later today we'll see some sort of announcement.
Shares of GameStop and AMC Entertainment climbed as much as 624% and 478%, respectively, since the market's close on Friday, January 22. Both dropped significantly during intraday trading on Thursday after several brokerages including Robinhood and Webull
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When these hedge fund a-holes start jumping out of windows of their penthouses, then we have equity.
'anarchy' lmfao. fucking grifters
There’s nothing wrong with the stock market that hasn’t always been wrong.
EpyhRabinov Don’t move to WeBull. CHINA 🇨🇳 OWNED. You know what that means. Forewarned.
As opposed to the army of hedge fund multimillionaire investors taking over the market?
Wrong! Don’t you live in the US? The British empire shrunk because of anarchy. Stop spewing false concepts!
Lol if you didnt want Anarchists on the stock market you shouldnt have left yourself vulnerable.
Hand in your free market card.
Looks like the last couple of days has shown us who the corpo shills are. This isn't journalism guys, it looks like you can't teach critical thinking at your fancy schools.
The Hedge Fund investor class has never held a real job.
Shut up!!!
This isn't reddit. This is everyone and their grandmother. This is the middle class. This is hundreds of thousands of people saying 'f**k you' to a handful of greedy, over-confident pieces of s**t
This isn't anarchy. They keep acting like this is irrational. It isn't. It just isn't THEIR rationale.
maddieinanarchy agree?
Its anarchy when the peasants get a taste of the emperor's cake.
'anarchy'
Anarchy is when poors make money
It’s just business mate. Hedgefund exposes itself massively and gets squeezed. What’s with the whining. GameStop $gme
Anarchists of the world unite!
I just closed out my Webull AND RH holdings, fuck these platforms. Cancel your accounts.
Stop ordering lattes they said. Learn to code they said. Drop the avocado toast they said. LEARN TO TRADE THEY SAID. Amazing that people coming together and planning trade strategy is SUPER COOL when it's called a hedge fund, but when retail investors do it it's 'anarchy'. WTF
How about a class action against Webull as well?
'bears aren't dangerous' I blithely remark as the grizzly crushes my ribcage like a soda can. 'but park rangers should definitely shoot this one.'
Anarchy never works for billionaires who lie, cheat, steal & stack the deck, is what he means.
Sure buddy, anarchism is when people publicly participate in the stock market. Wall Street Bets isn't doing anything different then someone on tv saying that a certain stock is good its just different standards for different people
Real anarchy:
Divest now. Remove all money from the corrupt stock market.
But it’s ok when these short sellers manipulate the market to make billions. This country is so fucked.
victori_roe13 Today we can see that these WallStreet folks are not smart investors, rather bunch of corrupt criminals who can only trade in manipulated markets according rules made by them for them! When retail investors beat them their own game, they whine like cowards!
'Webull CEO Anthony Denier told us why the SEC should intervene as an army of Reddit traders takes over the market' But he's okay with hedge fund shenanigans? WTF WebullGlobal?
SEC should crack down on hedge fund shortselling
Anarchy? We are literally playing by your rules and were set to win, but you turned the game off. That's not what anarchy means, my dude.
Wait so this guy doesn't think anyone gives a shit about what he thinks does he?
The hedge fund criminals are crying 'foul'? Sad and bad losers. Well done you brave small investors. Ban Short Selling!
Interesting- is wall street begging to be... regulated?
$FUTU
Eat shit
well tell anthony to shut up
No, Its called Free Market.
Paywall no thanks
Ugh, I know, a group of people studying a system and organizing themselves to meet a specific goal that materially benefits them collectively is the very worst kind of anarchy
Fuck em.
Manipulation of stocks is only ok...if the big hedge funds do it. Got it. There’s a reckoning coming to level the playing field.
Kind of hoping GrahamStephan stops promoting these investment firms. We all thought they were good for retail traders, but turns out they aren’t 😞
His name is 'Denier'?
It's not socialism vs liberty or conservativism, it's democracy vs fascism - period. What's the point of bailing out businesses during the pandemic or any other time if hedge fund investors are destroying them? And if the avg person can't use the market, why should we let them?
'We should be the only people allowed to manipulate the market, it's illegal when these normal people do it'
Yeah, the SEC should intervene and tell companies like webull and Robin Hood to go fuck the selves
So the free market is now “anarchy” ?
Free market = Anarchy?
So according to Anthony Denier it's okay for hedge funds to manipulate the market, but we simply cannot allow the average joe from home to do so. Hmmm. Maybe someone should tell Anthony that market manipulation from ANYONE is bad.
Define anarchy, go.
Fuck them. 🚀🚀
All in favor of developing and implementing a WallStreetBets brokerage app say aye! Sharing and liking this comment will really help spread the word! 🚀🚀🚀
They’re not allowing trading on $GME $AMC $NOK either... WebullGlobal ain’t no better
WALLSTREET DOES THIS ALL THE DAMN TIME