LogFAQs > #950267366

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Topic	Stock Topic 19
ExThaNemesis 02/04/21 9:25:23 AM #483:	also I read a bit of due diligence on how it might not have actually been Robinhood's fault entirely last Thursday. Apparently, DTCC, the Clearing House in question, can arbitrarily raise the % amount of collateral required before putting through a stock transaction. This sounds like it's an actually very simple regulatory fix. Some law needs to be signed where a clearing house isn't allowed to raise its collateral requirements without a 30-day notice. This tracks because ALL of the smaller brokers had to limit purchases while Fidelity was able to shrug off the cost. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:950267366] in Stock Topi... [t:79272609]...</cite> <quote>also I read a bit of due diligence on how it might not have actually been Robinhood's fault entirely last Thursday. Apparently, DTCC, the Clearing House in question, can arbitrarily raise the % amount of collateral required before putting through a stock transaction. This sounds like it's an actually very simple regulatory fix. Some law needs to be signed where a clearing house isn't allowed to raise its collateral requirements without a 30-day notice. This tracks because ALL of the smaller brokers had to limit purchases while Fidelity was able to shrug off the cost. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505</quote> ... Copied to Clipboard!
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