Broke online brokerage Robinhood Financial is targeting young, inexperienced investors and forcing them to trade thousands on its platform, Massachusetts Securities regulators claimed in a lawsuit filed Wednesday. Although Robinhood sees itself as a gateway to the stock market, the company claims to be using a “gaming strategy to manipulate …
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Baiju Bhatt, a Robinhood cofounder. Steve Jennings / Getty Images for TechCrunch Robinhood told traders of the day on Thursday, hours before the market opened, to increase their cash buffer on many widely held stocks, as they could face an account loss. The trading platform said that since Friday the …
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Robinhood merchants continue to bet on Tesla. Nearly 40,000 Robinhood accounts added shares of the automaker over a four-hour period on Monday, Bloomberg reported, citing data from Robintrack.net. As of Tuesday, approximately 40,400 Robinhood accounts have added Tesla stocks in the past 24 hours, Robintrack data shows. Now Tesla is …
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