Robinhood says it is in ‘strong position’ to face unlikely market events

Robinhood says it is in 'strong position' to face unlikely market events

Robinhood said in Tuesday’s blog post that its net capital position was $2.8 billion, 21 times what is currently required by the U.S. Securities and Exchange Commission.

Robinhood Markets Inc on Tuesday highlighted steps it had assumed control throughout the most recent year to abstain from forcing exchanging restrictions and said it was in a “strong position” to support clients through impossible market occasions. The online exchanging stage, which helped pioneer commission-free trading, and a few different brokerages on Jan. 28, 2021, confined exchanging GameStop (GME.N) and a handful of other meme stocks as the regulatory store prerequisites for settling the securities soar during the rally driven by retail investors.

Those restrictions had infuriated clients trying to buy and sell the meme stocks.

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