Risk.net

 
‘Sheriff’ tussles with Robinhood

According to NSCC’s rule book, a broker’s excess net capital premium charge starts building when a substantial amount of its deposit requirements is higher than its total net capital. On January 28, Robinhood’s total VAR deposit was around $1.4 billion – far higher than its net capital of roughly $486 million. Robinhood’s VAR requirement had already hit $690 million on the evening of January 27, likely exceeding its net capital, before NSCC slapped it with an additional $700 million VAR charge on January 28.

Read the full article

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: