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This makes sense to me in terms of restricting buying on margin. But plenty of people put their own money into RH accounts and were buying stock. I don't see ho
by llbeansandrice 6y ago
This makes sense to me in terms of restricting buying on margin. But plenty of people put their own money into RH accounts and were buying stock. I don't see how that's relevant to RH paying a clearing house?
I suppose they had a huge influx of new accounts and RH gives you an advance up to like $1000 before the money is actually moved from your bank account and into your brokerage account but I'm still skeptical that this reasonably leads to "not supporting" stocks.
- deleted 6y ago[deleted]
- kahrl 6y agoYou are correct. It's not relevant.