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Robinhood was not the only firm blocking buying new positions. Schwab did, TD Ameritrade did, and ETrade did, IBKR did for varying lengths of time. That is the
by svnt 6y ago
Robinhood was not the only firm blocking buying new positions. Schwab did, TD Ameritrade did, and ETrade did, IBKR did for varying lengths of time. That is the majority of retail.
Here is a fascinating interview with the CEO of IBKR where he literally says they prevented buying for retail and closed large short positions for others:
https://streamable.com/ycdec9 https://streamable.com/ycdec9