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Starting tomorrow it will allow limited buying
- Robinhood says in a statement that starting tomorrow it will allow limited buying in hot stocks like GameStop and AMC. It also notes the decision to restrict trading was a risk-management choice to meet "financial requirements, including SEC net capital obligations and clearinghouse deposits."
Jan 30, 2021 · Robinhood says in a statement that starting tomorrow it will allow limited buying in hot stocks like GameStop and AMC. It also notes the decision to restrict trading was a risk-management choice...
- Amrith Ramkumar
People also ask
Will Robinhood reopen Limited buying of GameStop securities?
Will Robinhood allow 'limited buys' on Restricted stocks?
Why did Robinhood block GameStop?
Will Robinhood allow limited buying in hottest stocks?
Jan 29, 2021 · Initially, Robinhood will only allow "limited buys" of the restricted securities, with details available here. The company says it'll keep monitoring market conditions, and...
- Stan Schroeder
- Senior Editor
- stan@mashable.com
- What Is Robinhood?
- What Happened with Robinhood and Gamestop?
- Why Did Robinhood Stop Users from Buying Gamestop Shares?
- When Did Robinhood Let Investors Trade Gamestop Shares Again?
- Who's Mad at Robinhood?
- What Other Investing Services Restricted Trades Like Robinhood?
Robinhood is an investing app that launched in 2015. It's popular among millennials, who make up a majority of its users and can conduct a variety of investments for free. Read more about Robinhood here.
On the morning of Jan. 28, Robinhood posted a blog saying it was limiting users by preventing them from buying stocks from several companies such as GameStop, AMC and Nokia. It cited "market volatility" as its reasoning and would only allow customers to sell their shares of these companies, not buy or trade in any other way (more below). "In light ...
On Jan. 29, Robinhood posted another blogabout what happened. The company explained it was required to keep a substantial amount of money on hand in order to process all the trades happening through its clearinghouse, which is the part of the company that sends shares and money back and forth to other clearinghouses to complete trades. Robinhood CE...
Robinhood sent an email to customers in the afternoon of Jan. 28 saying it would allow "limited buys" of those company stock starting the next day. The limits included a maximum number of shares users could own (at one point it was down to one GameStop share), no trading options, no borrowing money on credit also known as margin, recurring investme...
A ton of people. The subreddit behind the GameStop's skyrocketing share value, r/WallStreetBets, includes big users of Robinhood who felt they were slighted by the decision. The subreddit's Twitter accountsaid the freeze harmed small traders and favored the Wall Street establishment. "Individual investors are being stripped of their ability to trad...
Other investing apps and services also had issues with clearing trades similar to Robinhood. Cash App tweetedit would not process trades for AMC and Nokia due to their broker, Axos, halting trades. "The clearing broker who processes our trades, Axos, has temporarily halted buys of $AMC & $NOK," the company tweeted. "This was not Cash App's decision...
Jan 28, 2021 · Financial trading platform Robinhood will allow trading again on GameStop, BlackBerry, Bed Bath & Beyond and other companies it announced Thursday evening. This comes hours after the trading platform restricted transactions for certain stocks because of market volatility.
- alex.hider@scripps.com
- National Digital Producer
Jan 29, 2021 · Robinhood said users will be able to place "limited buys" of AMC, GameStop, and other volatile stocks after raising $1 billion.
- Todd Spangler
Jan 28, 2021 · Robinhood has announced that, beginning on Friday, January 29th, it will allow “limited buys” on restricted stocks, potentially signaling the end of a brutal day-long hold on GameStop, AMC ...
Jan 28, 2021 · Robinhood announced it will reopen limited buying of GameStop securities. The trading app known for allowing individuals to invest in the market without paying trading commissions...
