A partisan Congress was unified by outrage after the app Robinhood and other retail stock … Robinhood CEO apologises to users over GameStop chaos at House hearing as lawmakers begin investigation. Last year, Robinhood bulked up its regulatory staff, spent $275,000 lobbying the federal government and hired lobbyists with ties to a Wall Street regulator and congressional … The investigation appears to be in its early stages, and the Securities and Exchange Commission is … SEC Signals Investigation of Robinhood Over Blocking Stock Buys. Robinhood, an online trading company, has been sued with a potential $26.6 million settlement. However, the US federal regulator also suggests it'll seek to slam the brakes on … Rep. Alexandria Ocasio-Cortez called on Congress to investigate the Robinhood app after it banned small investors from buying stock in companies like … Robinhood had to restrict trading of those companies earlier in the year, and has been subject to congressional investigations. The chief executive of the Robinhood app has defended the decision to halt trading in GameStop shares at a congressional hearing on Thursday, … In a Thursday tweet, Rep. Alexandria Ocasio-Cortez (D-NY) called on Congress to investigate the trading app Robinhood for blocking retail investors from … Robinhood in the hot seat . Rep. Paul Gosar, a Republican from Arizona, sent a letter to the Department of Justice on Thursday calling for an immediate investigation into Robinhood … The online stock trading company Robinhood has been sued multiple times and is now under investigation due to trading disruptions and system downtime experienced by users in 2020-21. Congress is grilling Reddit, Robinhood, and hedge funds over GameStop's unlikely rally. FINRA Investigation. A House committee with more than 50 members held a hearing about GameStop and the meme-stock mania for five hours, featuring six witnesses. Lawmakers have criticized the stock market's gains during the COVID-19 pandemic. In … Congress presses Robinhood CEO on company’s role in GameStop stock frenzy. Robinhood reverses decision barring GameStop 03:02.
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