Did Robinhood Get in Trouble for GameStop?
Yep, they did! Robinhood faced a lot of scrutiny after restricting trades on GameStop stock during the 2021 short squeeze. Regulatory bodies like the SEC investigated the situation.
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Yeah, they got into some hot water! Robinhood temporarily limited buying GameStop shares, causing a major uproar. They had to testify before Congress, and the incident sparked a lot of debate about market fairness.
I was one of the traders during the GameStop frenzy. Robinhood definitely got in trouble, but they acted to protect their business from the extreme volatility. Still, it was a wild ride!
A little bit, but they weren鈥檛 breaking any laws. It was more about transparency and communication with users.
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