Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.
Robinhood Markets’ biggest backers are plowing money into the beleaguered online brokerage at an unprecedented pace.
So many do-it-yourself investors have decided that they need professional help.
Robinhood Markets has agreed to pay $65 million to settle Securities and Exchange Commission allegations that the broker failed to properly inform clients that it sold their stock orders to high-frequency traders and other financial firms.
(Bloomberg) — Robinhood Markets drew millions of users to financial markets with a colorful app that makes trading seem empowering…
(Bloomberg) — The dark web is the underbelly of the internet, where cyber-criminals hunt for drugs, demand ransom and engage…
It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending.
Boom in potentially risky behavior can be an opportunity for advisors to prove their value with behavioral coaching and guidance for clients looking to make speculative plays, according to a Cerulli study.
No one is welcoming the new army of Robinhood day-traders into the stock market more warmly than high-frequency trading firms.
Robinhood Markets Inc. is outrunning its online-brokerage rivals, at least by one widely followed industry metric for customer activity.
The narrative borrows from a Wall Street saw that ordinary investors are fools not fit to handle their own money, a caricature that has long been used to exclude them from markets.