Robinhood Financial: Difference between revisions

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== Overview ==

Robinhood Financial, LLC is a wholly-owned subsidiary of [[Robinhood]] Markets, Inc. The ~~U.S.~~-based company provides brokerage and related financial services.

'''Robinhood Financial, LLC''' is a wholly-owned subsidiary of [[Wikipedia:Robinhood Markets|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 [[~~IBKR~~]] 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.

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.

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 == Overview ==
-Robinhood Financial, LLC is a wholly-owned subsidiary of [[Robinhood]] Markets, Inc.  The U.S.-based company provides brokerage and related financial services.
+'''Robinhood Financial, LLC''' is a wholly-owned subsidiary of [[Wikipedia:Robinhood Markets|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 [[IBKR]] 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.
+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.