Robinhood: Trading Restrictions

Iorio Altamirano LLP Investigating Robinhood for January 2021 Trading Restrictions

Iorio Altamirano LLP, a leading securities arbitration law firm, is investigating claims on behalf of Robinhood Financial LLC (“Robinhood”) customers for the firm’s decision to place trading restrictions on certain securities during the week of January 25, 2021.

On January 28, 2021, Robinhood restricted its customers from purchasing shares of publicly traded companies, including GameStop, AMC, Nokia, BlackBerry, Bed Bath & Beyond, Naked Brands, Koss, and Express. After Robinhood announced the trading restrictions, the share prices of many of these companies tumbled significantly.

Current and former Robinhood customers who held the targeted securities on January 27, 2021, are encouraged to complete the following form for a free and confidential consultation. Customers may be entitled to compensation without paying any out-of-pocket fees or costs through a contingency fee arrangement with securities arbitration law firm Iorio Altamirano LLP.

Iorio Altamirano LLP currently represents Robinhood traders in filing securities arbitration claims against the firm for placing trading restrictions on certain securities in January 2021.

Robinhood was joined by other online brokers, including TD Ameritrade, Charles Schwab & Co, Inc, Interactive Brokers, LLC, Webull Financial, LLC, E*Trade Securities LLC, who all implemented trading restrictions on targeted “meme stock” securities. These online brokerage firms, including Robinhood, intentionally deprived their customers, without notice, of the ability to use their service in order to slow the growth of the targeted “meme stock” securities.

Customers of Webull, E*Trade, or Interactive Brokers who suffered losses as a result of trading restrictions placed on or about January 28, 2021, are also encouraged to contact Iorio Altamirano LLP using the following form for a free and confidential consultation. Iorio Altamirano LLP can review and analyze potential claims and advise individuals of their legal rights without obligation or cost.

About Iorio Altamirano LLP

Iorio Altamirano LLP is a national securities litigation law firm based in New York, NY. The law firm pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by financial advisors and brokerage firms.

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