Robinhood Financial: Difference between revisions

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{{InfoboxCompany

}}

|Name=Robinhood Financial, LLC|Type=Subsidiary|Founded=2012|Industry=Financial Services|Official Website=http://robinhood.com/|Logo=Robinhood (company) logo.svg}}

'''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 restrictions on customer trading===

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.

On January 28, 2021, Robinhood systems restricted customer trading in certain securities for companies with heightened stock volatility,<ref>https://newsroom.aboutrobinhood.com/keeping-customers-informed-through-market-volatility/</ref> including [[GameStop]],<ref>https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html</ref> AMC Entertainment, and Bed Bath and Beyond. [[CNBC]] reported that the brokerage firm [[Interactive Brokers|Interactive Brokers (IB)]] also imposed trading restrictions on the same day.<ref>https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html</ref> Additionally, [[CNBC]] noted that other brokerages, such as [[TD Ameritrade]] and [[Charles Schwab]], had increased margin requirements the day before—a move described as less 'drastic' compared to outright trading halts.<ref>https://www.cnbc.com/2021/01/28/robinhood-will-allow-limited-buying-of-restricted-securities-friday-gamestop-jumps-after-hours.html</ref>

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.

Customers should be aware that brokerages, including Robinhood, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.

==References==

~~https:~~/~~/robinhood.com/us/en/~~

~~https://newsroom.aboutrobinhood.com/keeping-customers-informed-through-market-volatility/~~

~~https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html~~

~~https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html~~

[[Category:Online brokerages]]

[[Category:Retroactively amended purchase]]

@@ Line 2: / Line 2: @@
 {{InfoboxCompany
-}}
+|Name=Robinhood Financial, LLC|Type=Subsidiary|Founded=2012|Industry=Financial Services|Official Website=http://robinhood.com/|Logo=Robinhood (company) logo.svg}}
 '''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 restrictions on customer trading===
-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.
+On January 28, 2021, Robinhood systems restricted customer trading in certain securities for companies with heightened stock volatility,<ref>https://newsroom.aboutrobinhood.com/keeping-customers-informed-through-market-volatility/</ref> including [[GameStop]],<ref>https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html</ref> AMC Entertainment, and Bed Bath and Beyond. [[CNBC]] reported that the brokerage firm [[Interactive Brokers|Interactive Brokers (IB)]] also imposed trading restrictions on the same day.<ref>https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html</ref> Additionally, [[CNBC]] noted that other brokerages, such as [[TD Ameritrade]] and [[Charles Schwab]], had increased margin requirements the day before—a move described as less 'drastic' compared to outright trading halts.<ref>https://www.cnbc.com/2021/01/28/robinhood-will-allow-limited-buying-of-restricted-securities-friday-gamestop-jumps-after-hours.html</ref>
-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.
+Customers should be aware that brokerages, including Robinhood, may take similar actions in the future. This poses a risk of economic harm, as investors could be artificially prevented from entering or executing trades during critical market movements.
 ==References==
-https://robinhood.com/us/en/
+<references />
-https://newsroom.aboutrobinhood.com/keeping-customers-informed-through-market-volatility/
-https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html
-https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html
 [[Category:Online brokerages]]
 [[Category:Retroactively amended purchase]]