Robinhood says U.S. watchdogs probing staff meme stock trading, registration
FILE PHOTO: Robinhood logo is seen on a smartphone in front of a displayed stock graph in this illustration taken, July 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
July 27, 2021
By Chris Prentice and Noor Zainab Hussain
WASHINGTON (Reuters) – Robinhood Markets Inc disclosed on Tuesday it has received inquiries from U.S. watchdogs asking whether employees traded GameStop Corp. and AMC Entertainment Holdings, Inc. before the online broker publicly announced it was restricting trading in those and other meme stocks on Jan. 28.
The company is also being probed over whether it complied with personnel registration rules, it said.
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