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Robinhood is being deceptive. They say this move is to protect their customers, in fact it's to protect themselves. As others have pointed out, Robinhood lends
by IceHegel 6y ago
Robinhood is being deceptive.
They say this move is to protect their customers, in fact it's to protect themselves. As others have pointed out, Robinhood lends margin to some accounts and if those accounts cannot pay for losses purchased on margin, Robinhood is responsible. This is a real risk, and they should have made the margin requirement 100% for GME or cash only as other brokers did. They did not have to limit buys to de-risk their own portfolio.