Receiving agent status to purchase and sell securities on behalf of the consumer... | Hacker News

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		akarma on Dec 14, 2018 \| parent \| context \| favorite \| on: SIPC Says It Has Serious Concerns About Robinhood'... Receiving agent status to purchase and sell securities on behalf of the consumer would mean the consumer is consenting to possible losses from the performance of those securities.

smileysteve on Dec 14, 2018 [–]

As is the case with any money market account...

akarma on Dec 14, 2018 | [–]

Yes, point being that's not really the bank account Robinhood is trying to offer.

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