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Except it's nothing like that because it directly caused their users to lose hundreds of thousands of dollars of unrealized gains.
by colinmhayes 6y ago
Except it's nothing like that because it directly caused their users to lose hundreds of thousands of dollars of unrealized gains.
- valuearb 6y agoUnrealized gains don’t exist, and read their TOS, this was inevitable. Robinhood is just one of many brokers limiting their exposure to a highly volatile stock of little intrinsic value with temporary trading halts. You are lucky the NYSE hasn’t shut down BME trading for all of February. Yet.
- amscanne 6y agoGains from a hypothetical buy and subsequent sell that never happens? That’s way too big a stretch, and makes no sense.
- adrr 6y agoRH prevented users from closing positions and realizing gains?
- valuearb 6y agoRead up on what T+2 settlement period is. When you buy GME Robinhood is on hook for two days before it closes and has to post collateral with the clearinghouse (DTC) during that time. As BME volatility exploded the collateral demanded of Robinhood skyrocketed.