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Robinhood would be liable for any margin accounts that were unable to settle their balances by the end of the allotted term. It's very reasonable that they rest
by relaunched 6y ago
Robinhood would be liable for any margin accounts that were unable to settle their balances by the end of the allotted term. It's very reasonable that they restricted trades based on their liability.
Did it have the deleterious affect of negatively impacting anyone long on the stock, probably. But, was that the primary rationale? It'll have to come out in discovery.