News for hackers. Stuff that matters.

A comment on Roaring Kitty to testify on GameStop alongside hedge fund managers. Parent comment

Re:Roaring Kitty to testify on GameStop alongside hedge fund... by valuearb on Tuesday February 16, 2021 @02:08AM (#26151637)
To be more clear DTCC gets its collateral from the broker, ie Robinhood, not the actual clients. And the broker is not allowed to use client funds for collateral.

So the DTCC has to worry about Robinhood, and Robinhood has to worry about their clients.

[ Parent | on HN ]

There are no comments on this comment yet.