It's client money until the trade settles at T+2, at which point it's the counte...

		toast0 on Jan 31, 2021 \| parent \| context \| favorite \| on: Why Robinhood disabled buys but not sells It's client money until the trade settles at T+2, at which point it's the counterparty's money. It's never Robinhood's money (unless they're the counterparty, but I don't believe they do propriatary trading)