Re:Robinhood to pay $70M for 'systemic supervisory failures'
by dataflow on Wednesday June 30, 2021 @06:01PM
(#27693908)
Could you elaborate on what scenarios it would get messed up in? I expect it would happen if you're working across multiple brokerages, but is there any other scenario? It'd be helpful for us to know and watch out for it.
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Re:Robinhood to pay $70M for 'systemic supervisory failures'
by AznHisoka on Wednesday June 30, 2021 @09:29PM
(#27695436)
The most basic scenario. I bought X shares of a stock for the first time ever, and sold it < 30 days later for a loss. That loss should not be a disallowed wash sale, but Robinhood claims it is. facepalm