For those who haven't heard, a glitch as been found on Robinhood that allows users to effectively leverage infinite money. Obviously, don't be stupid and try this, it's probably illegal. No, I didn't use this glitch. What do you think the outcome of this will be? Robinhood sues users who've done it? SEC gets involved? Robinhood starts locking up user funds? With TD Ameritrade moving to fee-free trading, do you expect a lot of Robinhood users to jump ship to TD? Between this and Robinhood's recent savings account debacle, things aren't looking good for them right now. https://www.bloomberg.com/news/articles/2019-11-05/robinhood-has-a-glitch-that-gives-traders-infinite-leverage
Glitch or no glitch at then end of the day you are on the hook if you lose the money.
But you're not on the hook for the full leveraged amount, unless Robinhood sues users or the SEC gets involved, I'd guess.
There’s a slim chance to get off the hook on some technicality. But you’d still have to spend a boatload of money defending yourself in court. I don’t think any judge or jury will be sympathetic to greed.
Learn to search Blind
That's not a trendy reply anymore.
It’s perfectly accurate. This entire conversation has been had before. Several times