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E22: Reflecting on the Robinhood situation with Bestie Guestie Vlad Tenev
All-In with Chamath, Jason, Sacks & Friedberg
The Securities and Financial Industry's Finest Compliance and Compliance Team
So margin wasn't involved in this particular situation. In fact, there was an escalation path not a lot of people noticed until thursday,. All the brokers, including robin hood, were a racheting up the margin requirements forfor all these securities a until they got to a hundred %. So by the beginning of the week, they were pretty much all at a hundred% which means you can't use margin to buy them. And look, on the s c c thing. A, we're fast growing company. I think that we're fine being held to higher standards. We have to hold ourselves to higher standards. Staff up our compliance team, staff up our legal team.
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