I would think the answer is, or would have been, to limit margin/credit purchases. You want $1000 worth of stock? Put up the cash before you buy or GTFO. Maybe a small amount of credit but if I read this right they are or were allowing full purchase of stock with “no money down”. I have noticed a couple of times TD allows that but I’ve also had them deny an order due to funds when I’ve accidentally tried to buy Stoke with one of my accounts that has a small amount of holdings. I would think that’s something any good brokerage would put in place. Having free range seems like a bad business model.
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