Even if they had not met the requirements (again, which they did), a depository requirement change is not an extenuating circumstance in the least. That is part and parcel of this business.
Nobody should be defending Robinhood here. People are just wrong about what Robinhood did wrong.
...the morning of. The deposit requirements will go up as customers place more trades.
>a depository requirement change is not an extenuating circumstance in the least. That is part and parcel of this business.
If it's a 99 percentile event that nobody could have saw coming happened, why shouldn't it be an extenuating circumstance? Keep in mind, they're a discount brokerage. It's like getting mad that your vps from a lowendbox provider had a few days of downtime because their raid6 had 2 disk failures.