3 ms·
I remember the gate-keeping options questionnaire (SEC mandated?) from RH, comparing to E-Trade: * RH feels like accepting a TOS or a EULA; * E-Trade makes it
by flazzarino 6y ago
I remember the gate-keeping options questionnaire (SEC mandated?) from RH, comparing to E-Trade:
* RH feels like accepting a TOS or a EULA;
* E-Trade makes it that you are reporting net-worth and are willing to risk it.
Can RH be held liable for misrepresenting the regulations? This might have been settled without any loss of life.
- drtillberg 6y agoThe explanation in the article is reassuring and all that, but even still RH was allowing $700k+ margin on a $16k account. Maybe they feel the risk is low for covered-options writing-- and justifiably. However, last I checked (some time ago) a purely cash account would have required literally $700k+ to execute this trade. Because, you know, stuff happens.