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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="RonJohn" data-source="post: 777235" data-attributes="member: 2426"><p>I did read the article. It doesn't describe any regulation that required Robinhood to halt conducting trades. WeBull suspended trading because their clearing house called them and said they didn't have enough money to cover more trades on those stocks. Schwab and TD Ameritrade didn't suspend trading, only margin requirements. Robinhood created their own clearing house so that they can use client funds to cover trades. Robinhood either didn't have enough money to cover the trades, or they didn't want the stock prices to go up. Neither is good for their public perception.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 777235, member: 2426"] I did read the article. It doesn't describe any regulation that required Robinhood to halt conducting trades. WeBull suspended trading because their clearing house called them and said they didn't have enough money to cover more trades on those stocks. Schwab and TD Ameritrade didn't suspend trading, only margin requirements. Robinhood created their own clearing house so that they can use client funds to cover trades. Robinhood either didn't have enough money to cover the trades, or they didn't want the stock prices to go up. Neither is good for their public perception. [/QUOTE]
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