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This is very important to know. Robinhood actively colluded with their hedge fund owners, by blocking buy orders — but not sell orders — under the guise of “in
by jw1224 5y ago
This is very important to know.
Robinhood actively colluded with their hedge fund owners, by blocking buy orders — but not sell orders — under the guise of “increased margin requirements”.
In fact, those margin requirements were being set by Robinhood’s prime broker and investor, Citadel Securities — who were set to lose billions if retail were allowed to keep buying.
- flefto 5y agoRobinhood’s own customers got tossed to the dogs because Citadel told the CEO of Robinhood to manipulate the market. If you have a Robinhood account then you risk Robinhood making decision that lose you money so that the hedge funds make money.
- jasode 5y ago>under the guise of “increased margin requirements”. >In fact, those margin requirements were being set by Robinhood’s prime broker and investor, Citadel Securities To clarify, you're saying NSCC(DTCC) National Securities Clearing Corporation was instructed by Citadel to increase margin requirements? Example story: https://www.cnn.com/2021/02/01/investing/robinhood-gamestop-vlad-tenev/index.html https://www.cnn.com/2021/02/01/investing/robinhood-gamestop-... Regardless of whether NSCC acted independently or under secret pressure from Citadel, what could Robinhood have done differently? If they didn't have the billions in the bank to control their destiny, what other options do they have? If the clearing house cuts off Robinhood's trade settlement, what are the realistic alternatives?
- mandmandam 5y ago>Regardless of whether NSCC acted independently or under secret pressure from Citadel, what could Robinhood have done differently? If they didn't have the billions in the bank to control their destiny, what other options do they have? If the clearing house cuts off Robinhood's trade settlement, what are the realistic alternatives? What is integrity?