Robinhood's capital and customer fund levels should be scrutinized

While the GameStop saga raged on, almost everyone seemed to forget how broker-dealers fail markets and customers

Financial exchanges around the world took drastic steps on October 31, 2011, to address the uncertainty swirling around an embattled broker-dealer. Early that morning, before markets opened in the US, exchanges limited trades through the broker-dealer to liquidating positions only, prohibiting traders from opening new positions.

One exchange told traders…