4 ms·
Why is Robinhood getting singled out when six brokerages implemented the exact same trade restrictions?
by fairity 6y ago
Why is Robinhood getting singled out when six brokerages implemented the exact same trade restrictions?
- JMTQp8lwXL 6y agoLikely because they were the first, and the rest caved in shortly thereafter (though in some cases, it was the clearing houses who stopped taking orders). In RH's case, it was RH's management itself that made the call, which makes them more accountable to the decision. They can't point to their clearing house and say, "don't blame us: it was the clearing house".
- perl4ever 6y agoI don't think they were the first. I think TDA for example restricted people from buying GME the day before.
- cacarr 6y agoAlso, RH's initial communication about the matter was full of considerable shit -- moreso than other brokerages.