Cash App

Purchases in AMC Entertainment (AMC) and Nokia (NOK) have been limited by our carrying firm, DriveWealth
Incident Report for Cash App
Resolved
Our clearing broker, Axos, has resumed the ability to buy AMC and Nokia through Cash App for the rest of the trading day. At this time, we don't have information as to the reasons for Axos’ decision or whether they met the increased deposit requirements. We will provide an update if the situation changes.

Thank you for your patience and understanding.
Posted Feb 02, 2021 - 12:14 PST
Monitoring
Our clearing broker, Axos, has resumed the ability to buy AMC and Nokia through Cash App for the rest of the trading day. At this time, we don't have information as to the reasons for Axos’ decision or whether they met the increased deposit requirements. We will provide an update if the situation changes.

Thank you for your patience and understanding.
Posted Feb 02, 2021 - 12:14 PST
Investigating
Due to extraordinary market conditions the clearing broker who processes our trades, Axos, has temporarily halted purchases of $AMC and $NOK. Clearing brokers must provide capital deposits to support trades and trading activity has surpassed Axos’ limits.

This was not Cash App’s decision. We are entirely subject to our clearing brokers’ ability to support trades. We are working to make this stock available for purchase again as soon as possible.
Posted Feb 02, 2021 - 06:46 PST
This incident affected: Investing.