Robinhood CEO Says It’s “Just False” That Pressure Was Put On His Clearing Partner To Increase Robinhood’s Required Deposits To Protect Hedge Funds.
Robinhood CEO @vladtenev said it’s “just false” that pressure was put on his clearing partner (Citadel) to dramatically increase Robinhood's required deposits (to protect hedge funds). But did seem to suggest that the formulas they use to calculate should be more transparent.
— Alex Heath (@alexeheath) February 1, 2021