![]() ![]() ![]() "We did this because the required amount we had to deposit with the clearinghouse was so large-with individual volatile securities accounting for hundreds of millions of dollars in deposit requirements-that we had to take steps to limit buying in those volatile securities to ensure we could comfortably meet our requirements. "It was not because we wanted to stop people from buying these stocks," Robinhood explained in the post on Saturday. For a stock rising 100% and falling 40% in single sessions, two days becomes a much riskier time period and more collateral is demanded according to the clearinghouse rules. However, if they prefer cash, they’ll get 20 percent less, only 120. For this particular model in working condition, with barely any damage to it consumers can get 150 in trade-in credit. This clearinghouse ensures orderly settlement of trades, a process that takes two days. This model Apple Watch nets you a decent amount of trade-in credit at GameStop. Robinhood clears its trades through its clearing broker Robinhood Securities, which is a member, along with others, of a central clearinghouse on Wall Street. Robinhood said its mandated deposit requirements soared ten-fold during the week. We would later learn just how much those deposit requirements increased for the broker. We learned Saturday morning in a new post from Robinhood why, with the broker explaining that the central Wall Street clearinghouse mandated a ten-fold increase in the firm's deposit requirements on the week in order to ensure smooth settlement in trades involving the securities experiencing unprecedented volatility. The young broker that wants to go public this year had to tap credit lines, raise new funds and throttle back trading in a list of the short-squeeze names. The rally backfired on Robinhood, the free-trading pioneer and popular app. A band of amateur traders in WallStreetBets forum, whose members have tripled to 6.5 million in just a week, aimed to bid up heavily shorted stocks "to the moon," creating massive short squeezes that some believe caused a turmoil in the broader market. Shares of the struggling brick-and-mortar video game retailer skyrocketed 400% in the past week, closing out January with a whopping 1,625% gain. TLDR apple is denying me credit for my old iphone because they claim it’s jailbroken, when there’s no way it actually is.GameStop mania took Wall Street by storm, thanks to a legion of retail traders glued to the WallStreetBets message board on Reddit. To be clear, I purchased that iPhone from apple, only ever took it to apple for support, and only ever used iOS on that device. I’ve been denied credit because the device is jailbroken. Confused again I go through the same phone process in which they tell me they don’t know why it’s saying jailbroken, but they will send me another ship kit to “try again” I spent the next 3 weeks calling apple support, I get mixed messages of “let me run it through the system again” and “I don’t know why it says it’s jailbroken, everything looks normal on my end” and “we’ve resolved the matter, you’ll be getting the $1000 credit”.Ī week later, my old iPhone returns in the mail. I’ve never took any iPhone into a 3rd party repair shop (why would I? I already pay for apple care). Or in a one-on-one session at an Apple Store. I’ve never even attempted jailbreaking an iPhone. 185 Greenwich Street New York, NY 10007 (646) 802-3800 See map and directions Store Hours How can we help you Need help finding what’s right for you Connect with a Specialist online. A few weeks later, I get a message from apple saying my iPhone is jailbroken and they will not be giving me any credit. ![]() I followed the steps and sent my old phone back in with the provided ship kit. Apple was offering $1000 trade in for my 11 pro max. I purchased the iPhone 13 pro max the day it came out. I Have ALWAYS had apple care for my iPhones. I have ALWAYS taken my products to apple for support. My wife and I both have iPhones, macs, AirPods, Apple TV, The works. I’ve been buying iPhones and apple products since 2010. The firms stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. ![]()
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