Ask HN: As an American, why am I sanctioned by Robinhood?
2 by cft | 0 comments on Hacker News.
I am locked out of my Russian ETFs. I received the following email from Robinhood: An important update about securities you hold Hi xxxx, We wanted to let you know that our execution venues have informed us that they will stop supporting buy or sell orders on certain Russian securities that you hold, effective as of market close today, March 1, 2022 at 4:00 pm ET. Why is this happening? In response to Russia’s attack on Ukraine, the US Treasury has announced economic sanctions to disconnect Russia from global economic access, including restricting access to capital. Below is a list of securities that you will no longer be able to buy or sell: GZPFY LUKOY NILSY OAOFY OGZPY ROSYY RSHYY SBRCY SGTPY SGTZY Please note that this list is not exhaustive and is subject to change based on government action, updates from stock exchanges, or changes at our execution venues. Do I need to take action? Your shares will continue to be held at Robinhood, but you won't be able to buy or sell until further notice. This is a rapidly evolving situation and we are here to support you. - The Robinhood Team