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Anonymous-BP Comment On Regulatory Notice 21-19

Anonymous-BP
N/A

Regarding Robinhood: Users setup a cash account/non margin -> Robinhood then reports it as a margin account on all account statements. This is for *all* Robinhood accounts regardless of age. Per Robinhood pg. 17 of their TOS: “If I have a margin account, Robinhood is permitted to borrow a dividend paying stock in the normal course of business and, as a result, in such situations instead of a dividend payment I may receive a cash in lieu payment...”