Robinhood claims Customer Agreement permits trading restrictions
The Customer Agreement expressly permitted Robinhood to implement the restrictions it imposed on January 28, 2021, the broker argues.
The Customer Agreement expressly permitted Robinhood to implement the restrictions it imposed on January 28, 2021, the broker argues.
Citadel Securities claims that the conspiracy theory at the heart of a “short squeeze” lawsuit brought by traders rings hollow.
Interactive Brokers believes that the claims asserted against IB LLC and its affiliates lack merit on their face.
Only five companies of those sued for the January short squeeze have started producing documents but the data is too much to handle.
Online trading companies, hedge funds and clearing houses assert that Court will dismiss the short squeeze action against them.
At least 39 actions concerning the January 2021 short squeeze will be centralized to continue in Florida.
As dozens of lawsuits challenge Robinhood over its trading restrictions, the brokerage is trying to secure more time to prepare its defense.
Interactive Brokers LLC and its affiliates have been named as defendants in seven of “short squeeze” class action lawsuits.
The new account opening freeze seems to be only affecting IG’s main UK website, but not websites operated by other IG entities.