The ugly truth of this whole @robinhood $GME $AMC debacle isn't that they were trying to save the Hedge Funds from predatory buyers on from Main Street and Reddit because they weren't.

They just didn't have enough cash to meet their net capital requirements. SNOOZE.

It's not sexy. It doesn't play well in the media. @stoolpresidente and @StevenACohen2 won't fight about broker dealer's net capital requirements.

As far as you're concerned you buy a stock and get to hold it until you decide to sell it. That's not exactly the case though.

Robinhood explicitly told you in your agreement with them, that they can blow you out of a position, or cancel your orders, at it's own discretion, with no notice to protect you or *itself*.

https://cdn.robinhood.com/assets/robinhood/legal/RHS%20Customer%20Margin%20and%20Short%20Account%20Agreement.pdf

$AMC and $GME have been extremely volatile (requiring higher capital obligations) and when they shot to the moon, the margin accounts holding those securities saw rises in their credit lines and thus further blew out Robinhood's aggregate debt, thus requiring more net capital.

If they didn't meet the intraday net capital requirements they couldn't take your order.

They weren't saving Wall Street. They were saving themselves from running afoul of FINRA's rules.

Now that they've got additional capital, they'll open the casino back up for you.

There is nothing ILLEGAL in what Robinhood did. If fact they were trying to not do ILLEGAL. They fumbled the delivery and execution pretty badly, but they were trying to stay within the boundaries of the regulations.

And FWIW, I *REALLY* don't want you to lose money and I'm sorry if you did. I really feel bad for you. If you don't want to lose money, I humbly recommend that you deleverage and don't trade highly volatile stonks on margin that your broker can blow you out of for any reason.