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Re:Robinhood stock trading app confirms $110M raise at $1.3B... by wfunction on Wednesday April 26, 2017 @02:11PM (#14205484)
Question: if they do go bankrupt then you still own your stocks, right? Do customers lose anything?
Re:Robinhood stock trading app confirms $110M raise at $1.3B... by sobani on Friday April 28, 2017 @03:16AM (#14217485)
You will always be the owner of the stocks you purchase. If Robinhood is set up like most (all?) brokerages, then your assets are held in a separate entity that would be unaffected by a bankruptcy. So creditors of Robinhood can't go after your assets, even when they are managed by Robinhood.

Of course, should Robinhood go under, don't expect easy access to your assets, until some other brokerage takes it over.

Re:Robinhood stock trading app confirms $110M raise at $1.3B... by omarchowdhury on Wednesday April 26, 2017 @03:57PM (#14206411)
Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
Re:Robinhood stock trading app confirms $110M raise at $1.3B... by wfunction on Wednesday April 26, 2017 @04:00PM (#14206443)
Thanks!