The Robinhood glitch continues with one user now reporting 500x leverage

8 points by swarnie_ ↗ HN
In short - A user has now posted screenshots showing $1.7m of AMD shares using 3k of capital and $1.6m of covered calls.

I'm not that familiar with US law but at some point the SEC has to step in right?

https://www.reddit.com/r/wallstreetbets/comments/dsb0mz/robinhood_has_inbred_and_made_the_ultimate_autist/

4 comments

[ 3.7 ms ] story [ 16.6 ms ] thread
(comment deleted)
And if the SEC does step in, could anyone be held criminally liable for this mess, although it seems to be a bug
Is this legal? Illegal? This is wild.
Do you have a screenshot by any chance? Looks like it’s been deleted.