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Probably not, since they were complying the governments own clearing house deposit rules.
by stu2b50 6y ago
Probably not, since they were complying the governments own clearing house deposit rules.
- 0_gravitas 6y agoso they said
- jjeaff 6y agoThere is a bit more to it than that. But it does appear to be above Robinhood's pay grade. The private clearing house raised the holding requirement for GME from the usual 2-3% to 100%, making it impossible for smaller brokerages to put up the necessary funds. These are funds that must be on deposit with the clearing house for all buys (not sales). I read somewhere that at once point, nearly half of all robinhood users had bought GME.