### Comment:
How though? He loses $4k?

### REPLY:
He borrowed $1 million from Robinhood.  Margin is a secured loan. Anything he loses above and beyond 4K he’s still on the hook for.  
  
 [Robinhoods Margin Agreement ](https://cdn.robinhood.com/assets/robinhood/legal/RHS%20Customer%20Margin%20and%20Short%20Account%20Agreement.pdf)  
  
 Look at #6, #7, and #10. They even have an arbitration clause so you can’t sue Robinhood.

### END.