What would happen to people who use Robinhood if it went under? I don't use it but I have family that does, what would happen to shares they have purchased through Robinhood if it where to go under?
Your stocks/shares are yours. If you had options open, that could be terrifying, but if you just hold normal shares, they would mail them to you. They are a bank. An investment bank. They got tons of red tape to deal with. They got the green light from the Biden and the Fed to do whatever the fuck they wanted yesterday.
What would happen to people who use Robinhood if it went under? I don't use it but I have family that does, what would happen to shares they have purchased through Robinhood if it where to go under?
Your stocks/shares are yours. If you had options open, that could be terrifying, but if you just hold normal shares, they would mail them to you. They are a bank. An investment bank. They got tons of red tape to deal with. They got the green light from the Biden and the Fed to do whatever the fuck they wanted yesterday.