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Every 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 clien
by milesdyson_phd 6y ago
Every 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.