Margin loans totaled US$ 1,422,924,555.Īt June 30, 2020, Robinhood Securities has $550 million in a committed and secured line of credit with a non-affiliated bank with a maturity date of June 5, 2021.Īt June 30, 2020, Robinhood Securities’ net capital was US$ 385,413,939 which was US$ 357,416,221 in excess of the minimum required net capital US$ 27,997,718.
US$ 235,338,823 was held in deposits with clearing organizations. Robinhood Securities, LLC had assets of US$ 6,701,029,329 at December 31, 2019. US$ 122,226,502 was held in deposits with clearing organizations. Robinhood Securities, LLC had assets of US$ 3,313,964,858 at December 31, 2019. We believe that everyone should have access to the financial markets, so we’ve built Robinhood from the ground up to make investing friendly, approachable, and understandable for newcomers and experts alike.” DecemFinancials Robinhood’s mission statement from its website: “Robinhood’s mission is to democratize finance for all. Tenev claimed they acted proactively in this regard and there was no liquidity issue. Tenev claims they did it because of volatility in markets could require more money needed for SEC net capital requirements and clearing house deposits. In a CNBC interview on January 28, 2021, Robinhood CEO Vlad Tenev claims that in order to protect the firm and its customers, he had to limit buying in the selected stocks.
The stock trading app caught fire from Twitter and other social media after restricting stocks associated with the reddit page Wallstreetbets. Robinhood Securities, LLC is a wholly owned subsidiary of Robinhood Markets, Inc. Is Robinhood Securities Solvent and Safe?