(01-29-2021, 01:20 PM)Bchbunnie4 Wrote:

(01-29-2021, 12:53 PM)jagibelieve Wrote: Hmm...  that's the only news outlet that I've seen report something like that.  The only thing that I have seen is that Robinhood did close positions on people with options which is not unusual.  I have a hard time believing that Robinhood sold shares that were owned outright.

If it’s a normal thing, why would the CEO have to make a “difficult decision” about it?

I am just speculating here, but I think it all had to do with timing.  Normally a broker will issue a "call" which gives the account holder time to cover their margin.  Doing so is more or less a "courtesy".  In this case with unusually high volume they probably had to pull the trigger pretty quick.

Again, I'm not saying that it is right.  All that I am saying is that it doesn't appear to me that they broke any laws.  I'm also saying based on what I have seen and understand, they did what they did to protect themselves as well as their other clients.

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