2 ms·
There 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 fr
by jjeaff 6y ago
There 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.