Robinhood Archives

Tagged Robinhood

Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California. The company Robinhood offers a mobile app and website that offer people the ability to invest in stocks, ETFs, and options through Robinhood Financial and crypto trading through Robinhood Crypto.

Robinhood Sets Aside $26 Million To Cover SEC, FINRA Fines

February 27, 2021

Robinhood faces regulatory investigations on multiple fronts, including over its prior restrictions that banned retail investors from buying shares in red-hot GameStop and other companies. In a filing with t...

Robinhood Crypto App Onboards 6 Million Users in Two Months

February 26, 2021

Robinhood said its cryptocurrency service has grown rapidly in 2021, having added six million funded accounts so far this year. This milestone was achieved even as the no-fee app had restricted the cryptocurr...

Robinhood CEO Denies Collusion with Hedge Funds in GameStop Saga

February 18, 2021

Robinhood CEO, Vlad Tenev has testified before a House committee today as lawmakers dig into the no-fee app’s role in the GameStop mania. The CEO of millennium-geared brokerage has denied speculation that he...

Robinhood Announces Plan for Cryptocurrencies Including Dogecoin

February 18, 2021

Robinhood, an online brokerage, announced today that the firm is planning to allow customers to deposit and withdraw through major cryptocurrencies including Dogecoin (DOGE). In January, the broker disabled s...

Robinhood Sued by Parents of Amateur Investor Died by Suicide

February 9, 2021

The family of a 20-year-old student, who committed suicide last year thinking he incurred losses of over $700,000 on his Robinhood account, are suing the millennial-focused stock app. Alex Kearns misundersto...

Robinhood App Restores Full Trading in GameStop, AMC Shares

February 5, 2021

Shares in videogame retailer, GameStop rose as much as 70% on Friday after Robinhood lifted all the buying limits that restricted access for an army of small investors taking aim at Wall Street’s hedge funds....

Robinhood Allows Users to Buy 100 Shares of GameStop, 2000 in Nokia

February 2, 2021

Restrictions on Robinhood traders eased throughout the day on Tuesday, now allowing them to buy up to 100 shares of GameStop. This compares to Thursday’s ‘limited buys’ of 20 stocks, and last week’s full ban ...

Robinhood Secures Fresh $2.4 Billion from Existing Investors

February 1, 2021

Robinhood, the trading platform that became a battleground in the war between amateur traders and Wall Street pros, has another $2.4 billion from shareholders, according to The Wall Street Journal report. Th...

Could Robinhood Shut down? Traders & Regulators Raise Questions & Criticism

February 1, 2021

The GameStop (NYSE:GME) saga that has gripped global markets for the past week is already having far-reaching implications for the financial industry. Regulators, analysts and participants alike are reeling (...

SEC Steps in to Probe GameStop Frenzy, Brokers’ Trading Ban

January 29, 2021

The US Securities and Exchange Commission is investigating recent dramatic price run-ups in heavily shorted stocks, promoted by retail investors’ groups on Reddit’s boards. The agency today said it is parsin...