Tenev said the company had been asked to place a $3 billion deposit after those stocks soared.
The GameStop stock saga took a new turn on Sunday night when Tesla CEO Elon Musk unexpectedly interviewed Vlad Tenev, the CEO of the trading app Robinhood, on the new audio app Clubhouse.
Robinhood was the target of widespread outrage last week when it stopped users from purchasing shares of GameStop, AMC, BlackBerry, and other so-called meme stocks that had rocketed over the week, fueled by Reddit users.
Musk went on Clubhouse for a wide-ranging interview in which he spoke about his plans to colonize Mars; his neural-technology company, Neuralink; and his love of memes.
Musk also asked whether Citadel Securities, a market maker and intermediary for Robinhood, could have influenced the NSCC’s decision.