Frustrated investors who sued after getting locked out of trading in frenzied shares like GameStop Corp. aren’t likely to have much luck in court either.
Online brokerage Robinhood Markets was named as a defendant Thursday in several federal suits demanding it reinstate trading of shares including GameStop, BlackBerry Ltd., Nokia Oyj and AMC Entertainment Holdings Inc. Just hours earlier, Robinhood, Interactive Brokers and others took steps to curtail activity in the high-flying stocks after several dizzying days of trading on their platforms whipped up volatility.
While users of the trading platforms claim in court filings that they suffered losses from the restrictions, legal experts say brokerages have broad powers to block or restrict transactions all of which is spelled out as part of customer agreements everyone signs to gain access to the services.
Frustrated investors who sued after getting locked out of trading in frenzied shares like GameStop Corp. aren’t likely to have much luck in court either.
GameStop investors suing Robinhood over trading limits face high legal bar chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
A woman holds a sign during a rally calling for the passage of a clean Dream Act outside the U.S. Capitol in Washington, U.S., September 26, 2017. | REUTERS/Kevin Lamarque
Several faith-based immigration advocacy and humanitarian organizations have voiced support for the immigration proposal President Joe Biden sent to Congress on his first day in office Wednesday and the immigration-related executive orders he signed.
However, some conservatives have voiced opposition to the legislative proposal, saying that it opens the door to “mass amnesty.”
The first day in the White House was a busy one for the Democrat as he signed more than a dozen executive orders to rescind many of the Trump administration s policies. But one of the first acts the new president did was send a sweeping immigration reform legislative proposal, known as the U.S. Citizenship Act of 2021, to the Democrat-controlled Congress.