Well put. F*ck Robin Hood. Their excuses about clearing requirements are unacceptable. https://twitter.com/Rafa0x_/status/1355368285592715265
Here's the RobinHood case as presented by a third party. If you have a problem of this nature, you must find a solution that does not hurt your clients, or take responsability and make them whole. https://twitter.com/KralcTrebor/status/1354952686165225478?s=20
Another great thread on the topic by @JohnStCapital. Follow them if you don't already do, they offer fantastic analysis on FinTech, VC and public markets. https://twitter.com/JohnStCapital/status/1354992356437721089?s=20
And the RobinHood case from the horse's mouth https://blog.robinhood.com/news/2021/1/29/what-happened-this-week
Great thread. It boils down to this:
"if your system did not consider this type of event, and you did not override with common sense early on, you can be caught offsides." https://twitter.com/compound248/status/1355274739351248898
"if your system did not consider this type of event, and you did not override with common sense early on, you can be caught offsides." https://twitter.com/compound248/status/1355274739351248898