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by gshulegaard 1884 days ago
I am not well versed in the financial services industry but this article seemed to offer at least a plausible explanation for why Robinhood (and other capital limited brokers) stopped buys on GME specifically:

https://stu2b50.dev/posts/why-robinhood-d3580b

I want to be upfront in that I can't verify the accuracy of this article, and I still look askance at Robinhood personally; however, it did pique my interest in keeping an eye out for further analyses of the incident as more details emerge. And it seems like there is plausibility to Robinhood's claims that they had to halt buys.

And...on the face of it, I am all for regulation that places risk management requirements on financial firms.