The blog post explained that clearinghouses look at a firm's customer holdings and at the volatility of specific stocks, and can raise its deposit requirements as a result.
"We did this because the required amount we had to deposit with the clearinghouse was so largewith individual volatile securities accounting for hundreds of millions of dollars in deposit requirementsRobinhood came under scrutiny this week for restricting the trading of 13 equities, including GameStop, BlackBerry, Nokia, and AMC.
fullofshit
Glad to see Greg Hirsch moved on from the family business and started his own. succession
So it WAS liquidity issues...
The only thing not clear to me on this is why are the short sellers not the ones on the hook for this money? Can't brokers call back the short shares they loaned out to cover the other side of the trade?
So it’s treason then.
And he said on CNN “...it isn’t an issue of liquidity.” Lmaooo yeah and the moon is made of cheese foh
Wish we could buy stonk in this guy. We could get in for less than GME was a month ago.
This does not explain why: 1. Robinhood forced users to sell their $GME $AMC shares in an irreversible order, many times at heavy 24 lows. 2. Robinhood throttled cryptocurrency trades, particularly BTC and dogecoin. 3. Robinhood still allowed users to sell. Very shady indeed
If I was his lawyer, I'd say stop doing interviews w/o your counsel present. Next you should board a cargo ship under an alias. Sail as far away as possible, and hope nobody ever recognizes you.
🤣🤡
Rich People Problems
Playing with Hedge Funds has its consequences.
BURNWALLSTTOTHEGROUND
On Thursday look at how all the meme stocks mooned just to instantly dump! The apps did not work though! I was unable to dump my NAKD shares above 3 dollars. Robinhood cancelled the order over 50 times!! They loaded their short.. and Forced liquidated us at the bottom!!!
This makes no sense for our retail investor, since we only allow use 100% cash to buy gme, your so-called 'deposits' are using to bailout the suits
Is anyone going to do anything about this blatant marker manipulation while this puppet goes on TV and lies to our face! We know what is really going on Robinhood ! You're halting trading to steal from us!! We have all the evidence!!!
So Robinhood had to rob the poor to pay the rich. Got it.
It's not untrue, but at the same time - really bad optics stock bros... maybe don't write clearing house checks your brokerage mouth can't cash... not the best line of justification to take.
Short sellers and Robinhood ties.. $GME $AMC $BB
But that Night he claimed no company liquidity issues? So he was lying or changed his story? Tough that he has that on record right now.
boycottrobinhood
MARKET MANIPULATION