21.01.30 | By GlobalIntelHub
Dear traders, This ain’t our first rodeo. For those of us who have seen this before, Robinhood is making moves eerily similar to financial institutions about to fold, such as Refco, MF Global, PFG, and others. Let’s take a look at where we are at.
- Robinhood is limiting withdrawals. – Why?
- Robinhood is not allowing customers to access statements. Why? Blocks Users from Statements.
- There is speculation which is just speculation that the $AMC volume figures are off, especially compared with different data points. The question the thread was asking is – do you really own AMC shares?
- Robinhood raised $1 Billion from investors Thursday from existing investors. Why?
- In the secondary market a fairly large block of Preferred shares is being offered at a high price “but will accept possibly 50% discount to the offer” which is a very unusual offer considering shares in the private market have risen from 22 to 65 in the last 60 days.
- Robinhood is a ‘self-clearing’ broker-dealer, a change made in 2018.
- Transfers to other broker-dealers are being delayed and/or blocked. Why?
- Robinhood is limiting purchasing these highly shorted stocks to just one share. Why?
https://www.zerohedge.com/news/2021-01-30/robinhood-brink-collapse
https://robinhood.com/us/en/support/articles/whats-clearing-by-robinhood/
