Robinhood Caps Maximum Holdings In 36 Stocks To Just One Share

[JSOP]

Disgraceful!

 

[destriero]

I heard from a buddy that 6% of RH accounts went debit this week.

 

[nyxtrader]

What type of service do you expect from a company that started it's journey by offering no commission trades. Get what you pay for...move to a different house.

 

[hilmy83]

a lot of my fellow retard autists moved to fidelity this week

 

[VicBee]

What type of service do you expect from a company that started it's journey by offering no commission trades. Get what you pay for...move to a different house.

Ridiculous statement

 

[Good1]

the zerohedge article is saying that robinhood has run out of cash to put up at the clearing houses.

Yes, that may be due to the clearing houses requiring 100% instead of the usual 2% per transaction (allegedly because of volatility) . On the other hand, it may be because of hedge fund influence that clearing houses are requiring 100% of brokers for certain stocks. The effect is a loss for longs, and serves to help the shorts.

 

[IamTheCasino]

My opinion is that the industry is shooting itself in the foot right now, and many changes will be implemented after the next thundering crash. Some or all of: a transaction tax, PFOF ban, restrictions on who can have a brokerage account (minimum account size, or accredited investors only), and bans on retail trading of options and futures.

They arent going to get rid of retail, lmao. Futures arent even on the map. Maybe some extra restrictions on certain things. The more important thing they should do is about naked short selling so as not to bring a stock over the 100% threshold - which is really quite stupid that its even allowed in the first place.

 

[DiceAreCast]

All they do is fan even more anger among mere mortals. I almost got infected with the bug. I think this is just the beginning. Brokers can't block the entire pink sheets and micro and midcap sectors.

So the most liquid and sophisticated financial markets in the world cant handle people buying stocks? lol
https://www.zerohedge.com/markets/robinhood-caps-maximum-holdings-36-stocks-just-one-share

 

[DiceAreCast]

Because they are all liars. How do you think robinhood traders were allowed to trade in the first place? With their funding. Especially options must be fully paid up. Robinhood is bullshitting its own clients. Simple as that.

the zerohedge article is saying that robinhood has run out of cash to put up at the clearing houses.

 

[DiceAreCast]

And that is a lie perpetuated by robinhood itself. A member firm only has to put up a bond for the option premium. That is what it's clients put up. Robinhood has the funds but it was either bullied into lying or there are much bigger, darker forces at play here.

the zerohedge article is saying that robinhood has run out of cash to put up at the clearing houses.