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To be more clear DTCC gets its collateral from the broker, ie Robinhood, not the actual clients. And the broker is not allowed to use client funds for collatera
by valuearb 6y ago
To be more clear DTCC gets its collateral from the broker, ie Robinhood, not the actual clients. And the broker is not allowed to use client funds for collateral.
So the DTCC has to worry about Robinhood, and Robinhood has to worry about their clients.