the clearing house that RH uses is demanding
100% collateral as opposed to the usual 5%.
that is why RH is declining trades
I don’t have a Robinhood account. I read they self clear. So I looked it up and saw this
“In 2018, we launched Clearing by Robinhood, our in-house clearing platform. Before this conversion, customers’ trades were cleared by Apex Clearing. Since the conversion, customers’ trades have been cleared by Robinhood Securities.”