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A comment on Robinhood, in Need of Cash, Raises $1B from Its Investors. Parent comment

Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by ArtTimeInvestor on Friday January 29, 2021 @02:57AM (#25955106)
Your holdings in cash or your holdings in shares?
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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by blueblisters on Friday January 29, 2021 @03:05AM (#25955148)
Both. I suspect there is some kind of FDIC-like insurance but not sure of the specifics.
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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by ajhurliman on Friday January 29, 2021 @03:11AM (#25955183)
Yes, it's called SIPC, you're fine unless you have over $500,000 in robinhood.
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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by dagw on Friday January 29, 2021 @03:24AM (#25955240)
With the (potentially huge) caveat that any losses you suffer due to not being able to sell your stocks in the period where you SIPC claim is being processed is not covered.
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