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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 cma on Friday January 29, 2021 @03:30AM (#25955271)
It covers less than $500K if SIPC itself fails (after $5 billion in payouts it is insolvent).
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Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by dagw on Friday January 29, 2021 @04:06AM (#25955464)
True, it is still an open question if the government would step in in that case or not. As it stands they have no obligation to do so.
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