LogFAQs > #950084569

Frolex posted...

You don't have to take my word for it if you don't want to
https://www.nytimes.com/2021/01/29/business/dealbook/robinhood-fundraise-customers.html
https://finance.yahoo.com/news/robinhood-ceo-refutes-game-stop-hedge-fund-conspiracy-theory-and-reveals-what-actually-happened-234600703.html

Actually that article on Yahoo doesn't help your point much, it may even counter your point. Accordingly RH has it's own in-house clearing system similar to other brokerages like Schwab and Ameritrade. But neither of those had any sort of restrictions only RH imposed them.

Though this also brings it back to the original question, why didn't Tenev just simply mention this in his interview? If that's really what happened inside RH, he's the CEO and he must know what happened, just explain or drop a little line about that during his interview. But no, he spends the whole time looking like he's reading some responses from a script and gave no answers and explanations when Cuomo caught him spouting lies.

This isn't just "a volatile time in the market". It's a massive increase in the IV for a handful of specific stock tickers

Ok, fair enough on this point I guess. But why start imposing restrictions on all those stocks the day after you get called out? They were all volatile, so why not start putting restrictions on the first day.

They weren't random sell offs of people's stock, they were people who were investing money they borrowed robinhood gettin margin called. if you're buying a lot of stock on margin that then becomes massively volatile, you're going to margin called regardless of whether or not you think you're "sticking it to the billionaires" or not.

Meh duno about this. Probably that is what happened I guess.

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