Robinhood's TradePMR to Reduce Margin and Securities-Backed Lending Rates Starting July
TradePMR, Robinhood’s custodian, will lower interest rates on margin and securities-backed lending effective July 1. The move aims to attract more registered investment advisors (RIAs) by offering competitive borrowing terms alongside high-yield cash accounts and a new forgivable RIA loan program.
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Topics: margin_interest_rates RIA_programs securities-backed_lending