Tags : Robinhood

Market

What Really Happened When Robinhood Suspended GameStop Trading

Robinhood’s users blamed the brokerage for suspending the trading of GameStop stock and other securities last month, amid a buying frenzy kick-started by retail traders on a Reddit forum.  But Robinhood may not have had a choice.  Robinhood, after all, is just one player in a public securities market that has been built over decades. […]Read More

Regulation

SEC to ‘closely review’ actions of Robinhood and merry Redditors

The U.S. Securities and Exchange Commission (SEC) has promised to review the recent events surrounding the GameStop (GME) pump and the subsequent restrictions on stock trading enforced by Robinhood exchange, the SEC’s acting chair and commissioners stated on Friday. “The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise […]Read More

Market

Robinhood CEO: We Weren’t ‘Forced’ to Limit Stock Buying Amid

Despite chatter circulating Thursday that Robinhood had been compelled to halt trading of stocks being targeted by a Reddit group, the firm’s CEO said it alone had made the decision in order to safeguard the firm. In a video interview on Thursday with Bloomberg’s Emily Chang, Vlad Tenev said the rumors were “categorically false” and […]Read More

Market

Retail Traders Sue Robinhood Over Meme Stock Restrictions

Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop (GME) and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy. The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been soaring for days on […]Read More

Ethereum

Robinhood Secures $280M in Series F Funding, Plans to Expand

In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation.  The funding will drive a push to expand the platform globally.  Robinhood also plans on scaling the platform and offering more products to users.  The team at the popular trading platform of Robinhood has announced that the firm has secured […]Read More