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It wasn’t rh alone, it’s also most other discount brokerages.
by ivalm 6y ago
It wasn’t rh alone, it’s also most other discount brokerages.
- MuffinFlavored 6y agohttps://www.marketwatch.com/story/gamestop-amc-trading-is-now-being-restricted-at-td-ameritrade-11611769804 https://www.marketwatch.com/story/gamestop-amc-trading-is-no... Not just discount brokerages.
- vinay427 6y agoThere's a huge difference between limiting margin trading for GME and closing positions without asking a user or offering an option to put up collateral. Many brokerages did the former, and at least Schwab/Fidelity/TDA all seem to be otherwise up and running so retail investors can still buy and sell GME.
- ivalm 6y agoClosing without recourse during margin call if you are way below maintenance is normal operation. This is the problem with GME, it is extremely volatile and brokerages don't want to be left holding the bag when the bubble bursts and everyone who bought it on margin goes bust.
- MichaelBurge 6y agoYou can't buy GME on margin at most brokerages, for several weeks at least.
- MuffinFlavored 6y agoTD Ameritrade restricted buying from users not on margin.