Broker Robinhood under fire for pulling plug on GameStop
Customers, celebrities and politicians chide firm for restricting trade in stocks, which include GameStop
29 January 2021 - 08:52
London/Singapore — Online broker Robinhood has been one of the hottest venues in this week’s retail-trading frenzy but its sudden curbs on buying of some hot stocks have raised the ire of customers, celebrities and politicians who argue it unfairly benefits bigger investors.
The firm has also tapped a credit line so that it has funds to ensure trading continuity when it lifts the rules...
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