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> One of Robinhood’s innovations was that they gave everyone a margin account, but hid the details. In the old days one would have to formally request margin.
by protastus 6y ago
> One of Robinhood’s innovations was that they gave everyone a margin account, but hid the details.
In the old days one would have to formally request margin. Then the broker would give you stern warnings, have you sign a form, mail you a nice booklet explaining margin, options and shorting. I assumed it was a legal requirement, but maybe not?