[gitmo]

Robinhood is either insolvent or close to insolvent.

Why is Robinhood insolvent? (Legitimate question from a novice in stock trading)

[RummyChick]

It’s very complicated

here is an interview
https://www.cnbc.com/2021/01/28/robinhood-ceo-says-it-limited-buying-in-gamestop-to-protect-the-firm-and-protect-our-customers.html

the other issue is companies like TD ameritrade loaned out stock for hedge funds to short. What happens if that fund goes belly up and now they can’t get the stock back

this is a cascading mess.

I decided to cash out and withdraw from Ameritrade and Interactive Brokers until this thing resolves. I don’t trust that Biden can deal with it. SEC asking Robinhood for the blue sheet trading data.

Hopefully this rights itself soon.