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Re:Transfer Stocks Out of Your Robinhood Account by fairity on Thursday January 28, 2021 @11:28PM (#25953913)
Why is Robinhood getting singled out when six brokerages implemented the exact same trade restrictions?
Re:Transfer Stocks Out of Your Robinhood Account by JMTQp8lwXL on Thursday January 28, 2021 @11:36PM (#25953973)
Likely because they were the first, and the rest caved in shortly thereafter (though in some cases, it was the clearing houses who stopped taking orders). In RH's case, it was RH's management itself that made the call, which makes them more accountable to the decision. They can't point to their clearing house and say, "don't blame us: it was the clearing house".
Re:Transfer Stocks Out of Your Robinhood Account by perl4ever on Friday January 29, 2021 @12:33AM (#25954385)
I don't think they were the first. I think TDA for example restricted people from buying GME the day before.
Re:Transfer Stocks Out of Your Robinhood Account by cacarr on Friday January 29, 2021 @02:28PM (#25961285)
Also, RH's initial communication about the matter was full of considerable shit -- moreso than other brokerages.