Net Neutrality Internet Association News Today : Breaking News, Live Updates & Top Stories | Vimarsana

“At 3 a.m. on Thursday, Tenev said that Robinhood’s operations team was sent a file by the clearinghouse that handles all stock trades – the National Securities Clearing Corporation (NSCC) – requesting a security deposit of $3 billion….
“‘(T)hey give us a file with the deposit and the request was around $3 billion, which is, you know, about an order of magnitude more than what it typically is.’”
The NSCC doing this – makes zero economic sense.  It makes eminent Bigs crony sense.
The stock buyers were buying with cash.  Therefore, the NSCC didn’t need to secure anything.  Certainly not three billion dollars’ worth. ....

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