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what on earth?!?! I can understand mandatory liquidation due to margin requirements. But AFAIK those don't show up as "orders" on your account that you can se

• Reason077 6y ago
  I’d guess that this must be a margin account. In that case the broker is perfectly entitled to liquidate positions that they consider too volatile and risky. If it’s a cash account, then yes, they’d have no right to do this. I’m no lawyer, but I’d assume you’d very likely be able to sue them for any losses.
  • joncrane 6y ago
    But even in a margin account, the broker just "does it" and it shows up as an order after the fact, not one you can see in advance and cancel, AFAIK.
    • Reason077 6y ago
      How it appears to the client would depend on the broker, the software, the situation, etc.
  • nixor111 6y ago
    This was happening with people's "instant deposit" which is actually margins. The problem is that it only initiates and covers an actual cash deposit, making people think it's a cash buy. The reason it looks like a normal order is because it Robinhood makes it look like one, as it becomes a cash purchase once the funds and purchase settle