through WSB:
The OCC has launched steerage permitting FRC put holders to money out and train their places. A number of brokerages like IBKR and Constancy are permitting put holders with out shares to train into a brief place if they’ve sufficient money collateral.
Robinhood can be permitting FRC put holders to train. Nonetheless attributable to their coverage towards quick promoting, most put holders are unable to train and money out.
Robinhood taking part in rooster with my life financial savings
I falsely assumed Robinhood had its customers greatest pursuits at coronary heart. In reality I used to be so assured, that I arrogantly claimed Robinhood would enable me to train. Robinhood had beforehand allowed SBNY put holders to train. I foolishly used this amongst different misinformation to misconstrue that Robinhood cared about its prospects. I’m deeply sorry to everybody I lashed out on defending such a corrupt, vile, dishonorable firm.
Sure I’ve an enormous stake in making this put up: my life financial savings
I greedily ignored the recommendation of WSB and held my profitable place till FRC was halted. I used to be overwhelmingly warned to not depend on Robinhood to do proper by its prospects. I’m extraordinarily regretful for not listening. I do know I’m not the correct individual to be championing this. I acted like a cocky asshole to everybody as a result of I used to be so positive of myself. I used to be fallacious and I’m sorry.
Nonetheless, that is larger than my dumb degenerate playing ass. That is an injustice. Robinhood has each capacity to money out FRC put holders. But they’ll enable individuals who accurately guess towards First Republic to lose all the pieces. Hundreds of {dollars} in Robinhood buyer’s FRC places will expire nugatory on Friday. We can not let Robinhood get away with ripping its prospects off for 1000’s of {dollars}. This billion greenback firm treats it’s customers like nugatory pond scum. F*CK ROBINHOOD.
I urge everybody studying this to achieve out to Robinhood through Twitter and different social media platforms. If Robinhood bends to the strain and permits quick promoting on FRC for put holders, I’ll donate $10,000 of my features to the Autism Society of America. Below menace of ban, I make this donation pledge.
Footnote: Sure, I’ll try and sue Robinhood if they don’t enable me to train. That is my final ditch effort to exhaust all routes earlier than taking that leap.
