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by colinmhayes 1515 days ago
I don't think it's fair to say robinhood locked trading here. The brokers increased the amount of collateral needed to buy GME and robinhood didn't have the money. They were unable to buy more GME until their loan came through
2 comments
kareemsabri 1515 days ago
That's not quite correct. The clearing house demanded more collateral from Robinhood based on market volatility, not specifically to trade GME. Robinhood negotiated less collateral by locking buying of GME, a highly volatile security. There is no other way to say it than that Robinhood locked trading of GME.
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daniel-cussen 1515 days ago
That's purely Robinhood's problem. And in fact that's because they weren't actually buying the shares like they said they were, otherwise there would be no problem.

If they locked trading...get this...this is my logic...then it is in fact FAIR to SAY that they locked trading. It's only complex because they were cheating their customers, hence the decline of the platform, hence this chain of posts, hence the end of this sentence having spoken my piece.

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