Nothing of note. Under the (likely) assumption that RH had liquidity issues, it’s hard to see what other choice they had. Such providers are daemonized for "selling your data" (or even "stealing your data"). @Josephhabhab This is the heart of their deal with Citadel Securities. Yeah, I trash @BinanceUS because they refuse to approve/ verify my address, even though #Voyager crypto, @coinbase , #Robinhood , #etrade and everyone else seems to have NO issues confirming me. Not sure about anyone else. Robinhood Markets, a start-up, was introduced in December 2014, and since then has executed more than $30 billion in trades, up from $2 billion in 2015. I am not aware of Gamestop doing that. FINRA rules say you can't open a margin account with less than $2k. Citadel bailed out Melvin who [probably] illegally naked shorted 150% of the float. Search is unusable. I am totally disappointed with your customer service. @SenWarren Robinhood is holding a lot of peoples money hostage, we are not able to transfer money out. Contact KINGZTEC on Instagram for issues like this. Only when I was having issues getting my Robinhood Account switched over. @jabbarweaver been using it since 2017 with no issues, Hey Even if that were to happen, aren't users insured up to $500k? I’m trying to figure out what risk mitigation techniques and what trading pricing regimes are going to land people in prison after the fact in the Reddit future. @RobinhoodApp ROBINHOOD IS AWESOME! @browndeion13 This idea that Redditors are only hurting hedge funds is completely false at this point. If I'm reading the Twitter thread right, what killed Robinhood was the component of ">30% of your flow is in one stock", which is something that I could absolutely see never having happened to Robinhood until now. short selling more than 100% of the stock is an easy one. Except it's not because the restaurant doesn't have to abide by federal trading law and SEC regulations? Likewise, when you buy or sell a stock, the trade doesn’t settle for t+2 days. This explanation still begs the question; at what point can a business decide not to cover the 'cost of doing business' and instead, create explicit downward pricing pressure. The current blitz is being fueled by Johnny come lately bag-holders. If you use the proceeds to do another stock trade, that second trade also settles T+2, so it doesn't require RH to put any of its own capital up. @RobinhoodApp Thousands of accounts are restricted. They should have instead stopped trading so everyone could borrow whatever they needed to pay for the bets they lost. I thought they only raised margin requirements, which is reasonable. You’d think that since his firm has a $250k minimum account balance that he’d have a different clientele than a zero commissions broker with no minimum account balance and very limited customer service. The minimum equity requirement for a "pattern day trader" is $25,000 pursuant to paragraph (f)(8)(B)(iv)a. of this Rule. I assumed it was a legal requirement, but maybe not? I'm disorganized, sue me.] Or they point at some SEC violation which aren’t crimes and handled in civil court. Because my #1 job as a clearer is to make sure that, at the end of the day, all the money I am owed is actually there. ROBINHOOD SAYS DUE TO AN ISSUE WITH A THIRD PARTY, SOME CUSTOMERS ARE HAVING ISSUES LOGGING IN FROM A NEW DEVICE OR RECEIVING 2FA CODES $SPY, Page last updated by Free speech seems preserved, the time required to set up a new account and get money into it/miss the opportunities says the market isn't free. > they don't seem to have focused on the important parts of being a brokerage. Customer service has been quite poor. Due to recent volatility in certain securities and to reduce risk of market volatility, we will be placing restrictions on certain securities, including increased margin requirements and/or limiting transactions. Kevin Kelley … There's no phone support. #Robinhood, Imagine still using Robinhood. *As others have mentioned, this is an ACAT not just ACH transfers. Trump often appears weak before he wins (read The Art of the Deal). The popular trading, Robinhood, was recently sued after traders were unable to buy, sell, or trade on the app because of inopportune outages and roaring stock market activity. I deleted my existence from that joint. There is No customer service phone line working to call. It closed today at 194. Funnily to me this looks like a prime example of a leaky abstraction [1] - so this not only happens in software architecture. Basically no margin, no 'instant' deposits, and needing 25k+. It’s someone else stock you’re selling. However, normally, customers depositing are going to buy a variety of normal, not too volatile assets. @ToddRichards_ @RobinhoodApp My restricted Robinhood account was fixed by KINGZTEC on Instagram, i recommend you contact him for issues like this! I have no current position in GME (I made $0.40 this week pretax trading GmE shares on Robinhood). What % of a company can you short without going to jail do you predict? Robinhood needs to be at the cutting edge to keep their customers. @maryhadawittle @CryptoKaleo My Robinhood account was fixed by KINGZTEC on Instagram, i recommend you contact him for issues like this! 2FA Login is broken on Brave. There will always be somewhere somecompany which will put its perceived viability or PR before "sacrificing" for their loyal customers. Hey @AskRobinhood No one has responded to my cust service emails or tweets/DMs, its been over a week and my money is stuck in robinhood account. This wasn't "just" privacy violations or psychological manipulation with ads, this was Robinhood deciding what to do with YOUR money to cover their ass. It’s called bipartisanship: Both major U.S. political parties have some bad ideas for reforming Section 230 of the U.S. Communications Decency Act, … I’ve not worked for a trading desk, hedge fund or prop trader in more than 5 years and don’t have any outstanding trades, agreements or contracts in place that I know of. No one budgeted for a single stock dominating news headlines and swinging wildly while millions of retail investors tried to enter at the exact same time. #DOGE #dogearmy #DogecoinToTheMoon #Dogecoinarmy #Algorand #ALGO #cryptocurrency #Robinhood, @tomparsley10 @dogecoindavid @RobinhoodApp you likely wouldn't want a wallet from robinhood. Some people say up to 15 days. They’ve charged it for as long as I’ve used Robinhood which is 4 or 5 years. Realistically the govt will bail them out or change the rules of the game. It's how we know about it. They’ll panic and sell everything, which triggers more people to panic and sell, which drives the price down. — Robinhood (@RobinhoodApp) February 17, 2021 Don’t sleep! Why is it being transferred? So it's safe to assume that's how it still works today. @YazminH84753984 @AskRobinhood @RobinhoodApp Should we sue Robinhood?! @Alwaysnallways1 Yes. @SimondsJuliee Your totally right especially about these emails. ROBINHOOD SAYS DUE TO AN ISSUE WITH A THIRD PARTY, SOME CUSTOMERS ARE HAVING ISSUES LOGGING IN FROM A NEW DEVICE OR RECEIVING 2FA CODES credit: @DeItaone, @SharpStreetCap Someone is going to pay in the end. If you think this is people risking $600 stimulus checks you are way too naive to live in this world. And the markets should be open longer than 4 hours a day with the option of after hours trading. - Halt selling. You might not get the best price when buying on broker that uses pay for order flow. Sic Semper Tyrannis. - If you waited for stock settlement before buying other stock. That’s how much I distrust them at this point. Also, exchange rebates are usually very small amounts of the total trade, so for people who the fixed fees matter the most (people with less money in their account) the rebates would be insignificant.
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