I don't think so. Robinhood is no Lehman. I agree they are unlikely to fail outright and would probably be merged. But even for $75,000 I would not put $2M above SIPC there. But that's just me.That's $75k in free money, were I to be so blessed. At this point, a Robinhood failure would be on par to when Lehman failed, something that would be a huge structural issue in our financial system. They are regularly audited and have a defined source of potential revenue, unlike an Enron.I would take that.So you would have no issue moving 2.5 mm to Robinhood for 5 years?I don't even understand the concern because it's a public company in business since 2015 so if there were problems the share price would drop until it became a takeover target so where this concern that they abscond with the accounts came from I don't fathom.Everybody can decide what they're comfortable with. I'm staying under the SIPC limits myself.
Statistics: Posted by Leesbro63 — Mon Mar 04, 2024 4:09 am — Replies 1233 — Views 86397