LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of those who lost money using Robinhood Financial, LLC, Robinhood Securities LLC, and Robinhood Markets, Inc. (“Robinhood”) resulting from allegations that Robinhood may have engaged in illegal market manipulation.
Robinhood announced on January 28, 2020, that it was restricting the trading of certain stocks. The Company would only allow investors that used its trading platform to close positions, and also raised margin requirements. The securities impacted by this decision include $AAL, $AMC, $BB, $BBBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR, and $TRVG. Robinhood claimed it took these actions to “keep customers informed through market volatility.” Based on Robinhood’s artificial market constriction, the impacted securities fell dramatically on the same day, harming investors.
If you used the Robinhood trading platform to invest in $AAL, $AMC, $BB, $BBBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR, and $TRVG, and suffered losses as a result of Robinhood’s alleged manipulation of the market, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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