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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 disgrunt on Friday January 29, 2021 @09:41AM (#25957668)
In this case, it has nothing to do with trading on margin and everything to do with Robin Hood having to cover 10% with the NSCC per the Dodd-Frank rule. [0]

[0]: https://www.zerohedge.com/markets/cash-strapped-robinhood-sc...

[ Parent | on HN ]
Re:Robinhood, in Need of Cash, Raises $1B from Its Investors by infinite8s on Friday January 29, 2021 @04:37PM (#25962956)
Apparently DTCC raised that to 100% for a few of the meme-stocks (GME).
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