Please note that all submissions to the site are subject to the wiki's licence, CC 4.0 BY-SA, as found here
Robinhood Financial: Difference between revisions
m Assign categories based on the corresponding article on Wikipedia, as discussed in #planning on Discord |
|||
| Line 18: | Line 18: | ||
https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html | https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html | ||
[[Category: | [[Category:Online brokerages]] | ||
Revision as of 06:40, 23 January 2025
Overview
Robinhood Financial, LLC is a wholly-owned subsidiary of Robinhood Markets, Inc. The US-based company provides brokerage and related financial services.
Public Sphere
January 2021 customer trading restrictions
On January 28, 2021, Robinhood systems restricted customer trading in certain securities for companies with heightened volatility in their stocks such as GameStop, AMC Entertainment, and Bed Bath and Beyond. CNBC noted that the brokerage IB had restricted trading on this trade date as well. CNBC also reported that other brokerages such as TD Ameritrade and Charles Schwab increased margin requirements on the day prior, a move called less "drastic." Additionally, Robinhood published a blog post dated 2021-01-28 which notes increased margin requirements on certain securities.
Customers should be aware that brokers including Robinhood may take similar actions in the future, and that this poses a risk that they may incur economic harm as a result of being artificially impeded from entering orders.
References
https://newsroom.aboutrobinhood.com/keeping-customers-informed-through-market-volatility/
https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html