3 ms·
because they themselves were swamped with 10,000 other users who did not have cleared credit who were buying the stock
by MuffinFlavored 6y ago
because they themselves were swamped with 10,000 other users who did not have cleared credit who were buying the stock
- milesdyson_phd 6y agoEvery single Robinhood user could have had $5M in cash in their accounts and they still would have had to suspend purchasing shares. Brokerages cannot use client funds for depository requirements. Every purchase transaction required Robinhood to cover 100% with their own cash until settlement.