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The difference is regulation. There are very few regulations and oversight on cloud compute providers, whereas an average person cannot just spin up an app and
by 0xy 7y ago
The difference is regulation. There are very few regulations and oversight on cloud compute providers, whereas an average person cannot just spin up an app and begin selling securities in a month as you can being a cloud provider.
While RH's ToS does theoretically absolve them of technical issues, they are obligated to comply with 'best execution' securities mandates, no? Separately, it'd be extremely bad for business if they refused compensation.
The point is moot anyway, since they're offering "case-by-case" compensation.
https://techcrunch.com/2020/03/03/robinhood-outage-cause/ https://techcrunch.com/2020/03/03/robinhood-outage-cause/
- toomuchtodo 7y agoRobinhood will have to deal with a flood of FINRA and SEC complaints from these outages. I'm unsure how much longer FINRA will allow them their broker dealer license with a copious amount of failure in the rear view mirror. Arbitration is forced, but Robinhood is on the hook for the fees for everyone who decides to arbitrate. Robinhood users might not get anything, but they can still cause pain.
- sitzkrieg 7y agoif that were true thinkorswim would have been gone years ago. heavy futures volatility killed it for days at a time
- hcknwscommenter 7y agoYou mean "case-by-case" denial delay and obfuscation.