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The reason why this happened is that their clearing house stopped fulfilling their orders (totally out of their control,) but Robinhood bungled this so badly, I
by partiallypro 6y ago
The reason why this happened is that their clearing house stopped fulfilling their orders (totally out of their control,) but Robinhood bungled this so badly, I honestly wonder if they'll ever recover. WeBull had to do the same thing but they have a clear reason rather than "protecting investors" etc.
- itsyaboi 6y agoRiddle me this, who is Robinhood's clearing house?
- deleted 6y ago[deleted]
- partiallypro 6y agoI do agree Citadel, which I believe helped out one of the hedge funds in trouble form the short squeeze, being the clearing house is a "moral hazard" and a conflict of interest.