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Robinhood Fallout Sweeps Market After $1 Billion Lifeline

Robinhood Fallout Sweeps Market After $1 Billion Lifeline
Bloomberg
1/29/2021
Annie Massa, Misyrlena Egkolfopoulou, Michelle F. Davis and Matthew Monks
© Bloomberg
The Robinhood website home screen on a smartphone arranged in the Brooklyn borough of New York, U.S., on Saturday, Dec. 19, 2020. Robinhood Markets will pay $65 million to settle allegations that it failed to properly inform clients it sold their stock orders to high-frequency traders and other firms, putting a major compliance headache behind the brokerage even as new ones emerge.
(Bloomberg) The Reddit hordes were at it again Friday, once again bidding up shares of GameStop Corp. and warring with hedge funds by seeking out targets such as Siebert Financial Corp. and Twinkie maker Hostess Brands Inc. ....

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Siebert Financial spikes over 200% on record trading volume

Siebert Financial spikes over 100% on record trading volume
Will DanielJan 30, 2021, 02:52 IST
Wall Street Bets users have driven up the GameStop stock priceREUTERS/Dado Ruvic/Illustration/File Photo
Siebert Financial saw its share price rise as much as 395% from Thursday s close on Friday before paring gains.
While there was no clear reason for the move, some reports have suggested the company is yet another target of the
WallStreetBets crowd.
volume on Friday of over 27 million shares.
Shares of Siebert Financial skyrocketed over 100% on Friday amid a spike to record volume. More than 27 million shares have traded hands on the day, easily surpassing the three-month daily volume average of 24,653 shares. ....

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