They would have different risk profiles depending on what their clients are actually doing. RH probably has much greater net exposure than Fidelity since they h

They would have different risk profiles depending on what their clients are actually doing. RH probably has much greater net exposure than Fidelity since they have a greater share of meme investors in their customer base. Fidelity definitely has a less gameified interface as well. Corporate risk controls are also not a hard science, different risk teams can and do come to different conclusions on the same issue.