Court approves Robinhood settlement with traders over data breaches
Approximately 40,000 Robinhood customers have alleged unauthorized users accessed their accounts since 2020.
Approximately 40,000 Robinhood customers have alleged unauthorized users accessed their accounts since 2020.
Traders accusing Robinhood of market manipulation will not amend their complaint in a short squeeze lawsuit.
Robinhood insists it did not initiate or assist in the transmission of the text messages to the plaintiffs.
Robinhood is launching new advanced charts, giving all customers customizable, quick, simple and in-depth analysis right in the app.
Robinhood fails to beat all market manipulation claims arising from the trading restrictions it imposed during the January 2021 short squeeze.
Jason Warnick, CFO of Robinhood Markets, Inc. (NASDAQ:HOOD), has disposed of further 20,000 shares in the broker.
As part of the restructuring, Aparna Chennapragada, Robinhood’s Chief Product Officer, will be leaving the company.
In addition to payment of a $30 million penalty, Robinhood Crypto will be required to retain an independent consultant.
The traders have not articulated what their new allegations in the short squeeze lawsuit will be, Robinhood says.
Options trading in cash accounts is one of the most requested features from Robinhood advanced customers.