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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not sure why Robbin Hood (and others) stopped trading on meme stocks even for cash-secured positions where loss was strictly limited. I bought 1 GME @ 180 at about 11:30 from my self-directed IRA at TD Ameritrade (or Schwab, or whatever they are). [/quote] You're not sure? Then why did you buy the stock? [/quote] It's entirely reasonable for Robbin Hood and others to restrict use of margin around certain stocks, since if the investor loses lots of money but can't make good on it, Robbin Hood is on the hook (and I'm guessing can go after the account holder, but good luck getting that in some cases.) But for say a self-directed IRA or other cash accounts, why on Earth would Robbin Hood restrict cash-secured trading? [/quote]
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