It is crystal clear that Robinhood restricted trading in response to a $3 billion margin call from the NSCC. Multiple documents, statements and contemporaneous communications confirm this. fortune.com/2021/02/02/robin…
2,900
365
528
907
Here is the email from 5:11 AM ET on January 28th alerting Robinhood to the $3 billion margin call.
226
29
16
140
Robinhood’s CEO testified under oath that the $3 billion margin call “exceeded the amount of net capital at Robinhood Securities” and that led to it imposing trading restrictions.
147
20
25
91
Robinhood’s President & COO submitted a sworn declaration in federal court that the trading restrictions were “a way to mitigate the sudden increase in the NSCC deposit requirements.”
102
12
6
52
The DTCC, the parent company of the NSCC, corroborated Robinhood’s statements regarding the margin call in a letter to Representative McHenry.

Sep 30, 2021 · 10:12 PM UTC

98
13
8
48