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The SEC JUST Confirmed that brokerage bask in Robinhood NEVER bought shares of Gamestop or AMC!!
Due the T+2 settlement process, Robinhood wouldn’t rep had to rob our shares for 2 days after placing the tell. When AMC and GME ran up this variance cost Robinhood tremendously.
Robinhood the set apart about $3bn scared of being in a diagram to rob the total required shares, hence the $3bn margin name from the DTCC.
However Robinhood in fact not paid this $3bn margin name, most efficient $700m, which suggests they didn’t expend around $2.3bn rate of shares!
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