Almost 2,000 RobinHood Accounts Hacked

[virtusa]

No, it's an exchange wether you like it or not.

Just because it doesn't have as many features as this charles swabb exchange you speak of doesn't mean it isn't. I can't believe I'm even having this discussion right now

This is hilarious!

 

[narafa]

No, it's an exchange wether you like it or not.

Just because it doesn't have as many features as this charles swabb exchange you speak of doesn't mean it isn't. I can't believe I'm even having this discussion right now

How can RH possibly be an exchange??

Can you buy and sell stocks on RH on a Saturday or Sunday (Where the actual exchanges are closed?)

Let's suppose that on a Tuesday, NYSE had a technical problem and it went offline (Just a hypothetical assumption), can you still trade IBM or GE or JPM for example on this Robinhood exchange (Because their systems are up & running normally) while NYSE is non-operational?

PS: Even Charles Schwab, IB, Tradestation, and all other brokers will be non-functional in such a case

 

[BMK]

Any place you buy or sell stocks is an exchange

Dude... if you don't understand the difference between a broker and an exchange, then you really don't understand how the markets work.

You seem to be confused by so-called crypto "exchanges." Crypto is a completely different world, with little or no regulatory oversight, and little or no protection for accountholders.

When it comes to stocks, bonds, options and futures, the term exchange has a very specific definition under US law (as well as the laws of Asian and European countries).

Robinhood is not an exchange. They are a broker. They function as an agent, which allows you to buy and sell securities on an exchange.

BMK

 

[maxinger]

RH is an exchange ?!?!?
Nowadays there are simply too many types of dictionaries.

It seems more like an online Casino rather than an Exchange.

_______________________

 

[Trader Curt]

Well to me anywhere you trade anything is an exchange. And if you want to get all technical about it then it is still an exchange because the broker is helping you buy an sell stocks in EXCHANGE for fees. When you look up the word exchange in the dictionary, it means to trade. Just because its not a global exchange doesn't mean it's not any kind of exchange.

Walmart can be considered an exchange, your exchanging money for products. A yard sale can be considered an exchange, just because there are no charts to look at when you buy something doesn't mean it isn't.

You guys really need to get off your high horses and start taking what I'm saying with more consideration.

 

[bone]

Might be best to just drop this line of reasoning.

I wish you good fortune!

Well to me anywhere you trade anything is an exchange. And if you want to get all technical about it then it is still an exchange because the broker is helping you buy an sell stocks in EXCHANGE for fees. When you look up the word exchange in the dictionary, it means to trade. Just because its not a global exchange doesn't mean it's not any kind of exchange.

Walmart can be considered an exchange, your exchanging money for products. A yard sale can be considered an exchange, just because there are no charts to look at when you buy something doesn't mean it isn't.

You guys really need to get off your high horses and start taking what I'm saying with more consideration.

 

[maxinger]

Soon Shopping Mall / Shopping Centre would also be called EXCHANGE !!!
Because goods are being exchanged with $$$$ !!!
And Brothel would also be called EXCHANGE!!!
Because services are being exchanged with $$$$ !!!

For goodness sake, use the appropriate jargon.

 

[tsznecki]

Well to me anywhere you trade anything is an exchange. And if you want to get all technical about it then it is still an exchange because the broker is helping you buy an sell stocks in EXCHANGE for fees. When you look up the word exchange in the dictionary, it means to trade. Just because its not a global exchange doesn't mean it's not any kind of exchange.

Walmart can be considered an exchange, your exchanging money for products. A yard sale can be considered an exchange, just because there are no charts to look at when you buy something doesn't mean it isn't.

You guys really need to get off your high horses and start taking what I'm saying with more consideration.

You really need to stop digging down.

Just because you interpret something one way, does not make it so.

You are trying to tell us water is not wet, I don't know what retarded universe you live in, but in this one water is wet.

 

[pinabetal]

My experience in the last six months or so trying to call Schwab has been very poor. Long hold times, and on one call I was unable to choose an option to speak with a live rep until going through an extremely long message about activating "Voice ID," and there did not seem to a way to opt out of it.

Yes, they have a phone number, but I have zero confidence in my ability to reach a live rep when it really matters.

And it isn't just Schwab. I am certainly not the first person to make this observation, but every financial institution--whether it's a bank, broker, insurance company or something else--seems to have decided that COVID-19 has given them an excuse for really, really bad customer service and long hold times. Of course, it doesn't make sense. If everyone can, or in some cases must work from home, they should have more reps available--not less. A reduction in available staff may have made sense at the very beginning of the lockdown back in March, when many companies were not equipped to allow their customer service reps to work from home. But now it's just a bogus excuse to cut back on service, and force people to conduct business through e-mail or secure messaging instead of by telephone.

And this is a trend that began long before the pandemic.

Almost two years ago I got into a dispute with Spotify about a gift card that could not be activated. They have never had telephone customer service. When I e-mailed them, I got a canned autoreply suggesting that I communicate with their support team on Twitter.

And of course, the Twitter account, like most support services through e-mail, is staffed by dozens of people. While working a single issue, you have to exchange messages with multiple team members, and they don't always read the entire thread. So to put it bluntly, sometimes they really don't know what the f**k they're talking about. It's really disgusting.

My dispute with Spotify escalated to the point where I filed an arbitration case. And even their staff attorney would not give me a real office telephone number where I could reach him. Keep in mind that this was in early 2019, long before COVID-19. The only phone number I ever got was a cell phone that forwarded into Google Voice if he did not answer.

Spotify has even stated "We do not have a telephone number" in some of their SEC filings. No joke.

It's utterly ridiculous.

The one advantage to e-mail and messaging is that you get a great "paper" trail of the complete incompetence of some of these support reps.

I can't disclose the details, but my case against Spotify was settled, before reaching a full arbitration hearing, in a way that was very favorable for me. And pursuant to their terms of service, they had to pay all the arbitration filing fees, too.

All over a $30 gift card that their support team could not get activated. I drilled them a second as*hole, and thoroughly enjoyed the process.

BMK

How were yu able do accomplish this where you are at?

 

[BMK]

How were yu able do accomplish this where you are at?

I don't understand your question. When you say "accomplish this," are you referring to the case that I filed against Spotify? Or something else?

And what exactly do you mean when you say "where you are at?" I'm in the midwestern USA. Why does my location matter?

BMK