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Ok I better understand you now. Still, that makes little sense to me. They have reportedly been working on this product for two years[1]. Are we two believe tha
by EpicEng 8y ago
Ok I better understand you now. Still, that makes little sense to me. They have reportedly been working on this product for two years[1]. Are we two believe that they never once reached out and asked "hey, you guys cool with this?" It's either gross incompetence or something more nefarious.
[1]: https://www.forbes.com/sites/jeffkauflin/2018/12/13/in-a-bold-asset-grab-robinhood-offers-3-interest-on-checking-and-savings-accounts/#3e8c2771341a https://www.forbes.com/sites/jeffkauflin/2018/12/13/in-a-bol...
- PeterisP 8y agoSICP themselves stated that they were not consulted nor informed about this, so yes, it does seem that they never once reached out and asked.
- astura 8y agoThey didn't think to reach out to the SIPC , the SIPC themselves confirmed that the announcement was the first time they were hearing about the new account. Was all over HN and other sites a day after the announcement.
- EpicEng 8y agoYeah I worded that in an odd way. What I meant to imply was "it's insane that they didn't reach out to the SICP"