These are the assets that your Robinhood checking account is giving you (with SIPC). Aka, another bank. Why the SIPC allows them to run a half-baked investmen

These are the assets that your Robinhood checking account is giving you (with SIPC). Aka, another bank. Why the SIPC allows them to run a half-baked investment bank providing free leverage to all is I guess the real mystery here.