They probably have a wild EUA that lets them do whatever they want. Probably als... | Hacker News

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		fnbr on Jan 28, 2021 \| parent \| context \| favorite \| on: Robinhood is said to draw on bank credit lines ami... They probably have a wild EUA that lets them do whatever they want. Probably also an arbitration clause so users can’t sue.

kasey_junk on Jan 28, 2021 [–]

It’s not a wild clause for brokerages to be able to close out positions to cover margin trades. It’s bog standard.

People may not realize they have a margin account with Robinhood, which is another matter.

shiftpgdn on Jan 29, 2021 | [–]

Robin Hood makes it pretty clear when you open a margin account. Not so much when trading in it.

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