Robinhood hit with another class action complaint over short squeeze
Traders caught up in the January short squeeze accuse Robinhood of violating the US Exchange Act by imposing stock trading restrictions.
Traders caught up in the January short squeeze accuse Robinhood of violating the US Exchange Act by imposing stock trading restrictions.
Traders claim Robinhood chose to pull itself back from the brink by intentionally devastating the market for in-demand securities.
Citadel argues that the traders have utterly failed to plead a cognizable antitrust claim that can survive a motion to dismiss.
ESMA seeks public comments on retail investor protection with regards to payment for order flow (PFOF).
PayPal recently hired Rich Hagen, the co-founder of online discount broker TradeKing which was sold to rival Ally for $275 million.
ASIC believes that PFOF arrangements create conflicts of interest that can lead to poor outcomes for retail trading clients.
MiFID II obligations are aimed at ensuring firms act in their clients’ best interest when executing their orders.