Brokers can't stop you from selling shares; they're your shares. Only the regulator can prevent sales.
This made what RH did look unfair, but stopping buys was all they could do.
This made what RH did look unfair, but stopping buys was all they could do.
I am tuned in enough to know there is a big difference between rolling up and asking for credit saying "Hey I've got X dollars in settled cash to buy Y. Please lend me some money." and saying "Hey I've lent out X dollars to buy Y. Please lend me some money."
They can borrow money and use that for collateral which is exactly what they did. And there is a massive world of difference rolling up to a bank/investors saying "Hey I have settled funds, I need to borrow money to post as collateral" vs "Hey I lent people a bunch of money, I need to borrow a money to post collateral".