4 ms·
Not a primary source, but: https://stu2b50.dev/posts/why-robinhood-d3580b https://stu2b50.dev/posts/why-robinhood-d3580b > Brokers cannot use client money to s
by swampthing 6y ago
Not a primary source, but: https://stu2b50.dev/posts/why-robinhood-d3580b https://stu2b50.dev/posts/why-robinhood-d3580b
> Brokers cannot use client money to satisfy their clearing fund obligation. So whether or not the accounts had a settled balance didn't matter - as you can see from the other brokers which halted buys and did not have "instant transfers".