Share this article
Share this article
MIAMI, Feb. 3, 2021 /PRNewswire/ Within hours of reports that trading app Robinhood improperly halted buying shares of GameStop, AMC, and other companies to protect the short positions of Melvin Capital, while shifting losses onto retail investors, The Ferraro Law Firm, in collaboration with Jeffrey Kwatinetz, Esq., and Sean Burstyn, Esq., took action on behalf of Robinhood customers who were blocked from executing trades on stocks. Corrupt market manipulation harms ordinary citizens and broadly undermines faith in the financial system.
Anyone with an interest in financial news is likely familiar with the current situation involving Robinhood. To summarize, Robinhood s founders and marketers targeted young and inexperienced investors when they released the investment app by highlighting its purported lack of transaction fees and ease-of-use.