Now that all the unrestricted trading from Wednesday has cleared and they have secured hundreds of millions in funding, we should expect the restrictions should be reducing right? HA I'm not holding my breath. Currently, as of Sunday morning, GME is limited to a single share: https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
Now that all the unrestricted trading from Wednesday has cleared and they have secured hundreds of millions in funding, we should expect the restrictions should be reducing right? HA I'm not holding my breath. Currently, as of Sunday morning, GME is limited to a single share: https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
I'm not sure. I'm super curious to see whether they actually failed on an NSCC call and got hit with an additional adequate assurance deposit requirement.
That may be, but if it is, they aren't keeping their customers informed. If they cared about their customers ability to make their own investment choices and about price discovery for these tickers in the market, wouldn't it be helpful for them to be more transparent about what's going on so we (and the market) could know what to expect? They don't they only care about themselves.
I would definitely start with the assumption that price discovery for these issuersтАЩ securities is way, way down their list of concerns. Watching the directions of ACATs is going to be consuming much more of their attention.
Well the regulators should be concerned with a broker screwing with price discovery. Or at least that what I want my regulators to be concerned with. Elizabeth Warren seems concerned. I had to google ACATs ("The Automated Customer Account Transfer Service is a system that facilitates the transfer of securities from one trading account to another") but yeah I heard Fidelity is swamped with new business right now. I immediately got my cash balance out of Robinhood and luckily I have other accounts I can trade in.
Now that all the unrestricted trading from Wednesday has cleared and they have secured hundreds of millions in funding, we should expect the restrictions should be reducing right? HA I'm not holding my breath. Currently, as of Sunday morning, GME is limited to a single share: https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
I'm not sure. I'm super curious to see whether they actually failed on an NSCC call and got hit with an additional adequate assurance deposit requirement.
That may be, but if it is, they aren't keeping their customers informed. If they cared about their customers ability to make their own investment choices and about price discovery for these tickers in the market, wouldn't it be helpful for them to be more transparent about what's going on so we (and the market) could know what to expect? They don't they only care about themselves.
I would definitely start with the assumption that price discovery for these issuersтАЩ securities is way, way down their list of concerns. Watching the directions of ACATs is going to be consuming much more of their attention.
Well the regulators should be concerned with a broker screwing with price discovery. Or at least that what I want my regulators to be concerned with. Elizabeth Warren seems concerned. I had to google ACATs ("The Automated Customer Account Transfer Service is a system that facilitates the transfer of securities from one trading account to another") but yeah I heard Fidelity is swamped with new business right now. I immediately got my cash balance out of Robinhood and luckily I have other accounts I can trade in.