Robinhood lifts trading restrictions on GameStop and all other stocks

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Stock trading app Robinhood has removed temporary trading restrictions on all stocks including GameStop and AMC Entertainment Holdings.

Robinhood limited trading in 13 equities in total, allowing clients to sell positions but not open new ones in certain securities, provoking fury from users.

In the Clubhouse talk, Tesla CEO Elon Musk pressed Tenev on why the platform, a pioneer of commission-free trading, decided to restrict trading. Tenev said Robinhood's operations team received a request at 3:30 a.m. PT last Thursday from the National Securities Clearing Corp. Robinhood and other brokers are required to meet certain deposit requirements from clearinghouses like NSCC each day. The amount required is based on factors such as volatility and concentration in certain securities, Tenev said.

"Did something maybe shady go down here?" Musk asked Tenev. The Tesla chief has shown support for WallStreetBets on Twitter.

 

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Fuck RH, I hope this ruins their IPO. I will enjoy congress grilling the CEO this month.

A little bit too late isn't it?

Too little too late

Why now? Why not when the hedge funds were trapped in their shorts?

They covered their shorts. Time to allow the peasants to play again.

interesting

subpoena immediately

$gme all day bby

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