An Update from Robinhood’s Founders

Re:An Update from Robinhood’s Founders by 0xy on Tuesday March 03, 2020 @09:16PM (#22480668)

The difference is regulation. There are very few regulations and oversight on cloud compute providers, whereas an average person cannot just spin up an app and begin selling securities in a month as you can being a cloud provider.

While RH's ToS does theoretically absolve them of technical issues, they are obligated to comply with 'best execution' securities mandates, no? Separately, it'd be extremely bad for business if they refused compensation.

The point is moot anyway, since they're offering "case-by-case" compensation.

https://techcrunch.com/2020/03/03/robinhood-outage-cause/

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Re:An Update from Robinhood’s Founders by toomuchtodo on Tuesday March 03, 2020 @10:11PM (#22480897)

Robinhood will have to deal with a flood of FINRA and SEC complaints from these outages. I'm unsure how much longer FINRA will allow them their broker dealer license with a copious amount of failure in the rear view mirror.

Arbitration is forced, but Robinhood is on the hook for the fees for everyone who decides to arbitrate. Robinhood users might not get anything, but they can still cause pain.

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Re:An Update from Robinhood’s Founders by sitzkrieg on Wednesday March 04, 2020 @02:54AM (#22481933)

if that were true thinkorswim would have been gone years ago. heavy futures volatility killed it for days at a time

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Re:An Update from Robinhood’s Founders by hcknwscommenter on Wednesday March 04, 2020 @01:10AM (#22481575)

You mean "case-by-case" denial delay and obfuscation.

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