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A comment on SIPC Says It Has Serious Concerns About Robinhood's New Product. Parent comment

Re:SIPC Says It Has Serious Concerns About Robinhood's New P... by dawhizkid on Friday December 14, 2018 @02:42PM (#18683918)
Apparently they purposely called it a "checking & savings" account because they were well aware that technically it is neither a "checking" nor a "savings" account and that a "checking & savings" account does not really exist to protect themselves from accusations of false claims...
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Re:SIPC Says It Has Serious Concerns About Robinhood's New P... by jkravitz61 on Friday December 14, 2018 @02:47PM (#18683975)
They are still claiming it is SIPC insured- which is false, regardless of what you call it.
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Re:SIPC Says It Has Serious Concerns About Robinhood's New P... by pitaj on Friday December 14, 2018 @05:20PM (#18685400)
It's not necessarily false - that's up for various attorneys to decide.
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Re:SIPC Says It Has Serious Concerns About Robinhood's New P... by ucaetano on Friday December 14, 2018 @06:04PM (#18685722)
Technically true, but irrelevant. Everything might be up for attorneys and judges to decide.
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