I don't have a Robinhood account, and I'm not involved in the GME/WSB stuff, but I would think twice about opening a Robinhood account now.
Indeed, it's been educational about which brokers are using other clearing houses (sorry if I get the terminology wrong), and which are direct.
But then badly behaved businesses like Godaddy don't seem to suffer or go out of business, so I suspect Robinhood won't have too many long term problems.
Indeed, it's been educational about which brokers are using other clearing houses (sorry if I get the terminology wrong), and which are direct.
But then badly behaved businesses like Godaddy don't seem to suffer or go out of business, so I suspect Robinhood won't have too many long term problems.