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A comment on Robinhood is said to draw on bank credit lines amid tumult. Parent comment

Re:Robinhood is said to draw on bank credit lines amid tumult by smnrchrds on Thursday January 28, 2021 @06:52PM (#25951267)
Did TD Ameritrade, Charles Schwab, and Interactive Brokers face liquidity issues as well?
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Re:Robinhood is said to draw on bank credit lines amid tumult by llbeansandrice on Thursday January 28, 2021 @07:01PM (#25951368)
I don't know about the others, but TD Ameritrade did restrict trading (maybe just buying as well) but only if you were buying on margin. RH is getting ire because they restricted buying for everyone.
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Re:Robinhood is said to draw on bank credit lines amid tumult by gmethowaway on Thursday January 28, 2021 @07:29PM (#25951787)
Interactive Brokers blocked buying GME stock in non margin accounts. What I hear from twitter the same was for RH.
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Re:Robinhood is said to draw on bank credit lines amid tumult by dannyw on Thursday January 28, 2021 @08:54PM (#25952607)
Correct. If you are in Australia, file a complaint and then escalate to AFCA. This violates the Market Integrity rules which applies to IBKR Australia.
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Re:Robinhood is said to draw on bank credit lines amid tumult by bunnyfoofoo on Thursday January 28, 2021 @07:57PM (#25952078)
On TD Ameritrade, I had no issues buying and selling (in cash) shares of GME today. I did have to call a broker to sell covered NOK calls though as those gave errors when trying to open the position myself in thinkorswim.
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Re:Robinhood is said to draw on bank credit lines amid tumult by cush on Friday January 29, 2021 @12:20AM (#25954299)
Big difference between halting or restricting volume and preventing a long...
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Re:Robinhood is said to draw on bank credit lines amid tumult by fma on Thursday January 28, 2021 @08:26PM (#25952377)
I have Merrill Edge and for whatever reason they blocked buying GME shares...
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Re:Robinhood is said to draw on bank credit lines amid tumult by _whiteCaps_ on Thursday January 28, 2021 @06:58PM (#25951340)
https://twitter.com/Wealthsimple/status/1354860658723086338

WealthSimple is not restricting trades, but displays warning banners about GME:

"GME is considered risky. Traders should expect high volatility. If you do choose to place an order, use a limit order with a set price."

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Re:Robinhood is said to draw on bank credit lines amid tumult by adrr on Thursday January 28, 2021 @07:45PM (#25951966)
They should turn off market orders for the stock. Treat it like after hours where volume is limited and stock is volatile.
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