NOTICE TO ROBINHOOD CUSTOMERS WITH LOSSES EXCEEDING $100,000: National Investment Fraud Lawyers KlaymanToskes Continues Investigation on Behalf of Customers Who Sustained Damages During January 2021 Trading Restrictions in Light of Investor Recovery
12 Janeiro 2022 - 7:58PM
Business Wire
National investment fraud lawyers KlaymanToskes (“KT”) continues
to investigate on behalf of investors who sustained losses in
excess of $100,000 from the January 2021 trading restrictions
imposed by Robinhood Financial, LLC (NASDAQ: HOOD). This is in
light of the recent FINRA arbitration award, rendering Robinhood
liable. If you were unable to place a sell order or to close your
position due to Robinhood’s January 2021 platform failures, please
contact us here.
According to the FINRA award, Robinhood was found liable for
placing trading restrictions on its platform for certain stocks
such as Koss (NASDAQ: KOSS) and Express, Inc. (NYSE: EXPR) at the
height of the January 2021 stock rise. At the time, Robinhood
stated that the trading restrictions were risk management decisions
to protect the firm and its clearinghouses. After Robinhood
announced the restrictions, the prices of Gamestop (NYSE: GME), AMC
(NYSE: AMC), Nokia (NYSE: NOK), Blackberry (NYSE: BB), Koss (NYSE:
KOSS), Bed Bath & Beyond (NASDAQ: BBBY), and Naked Brand
(NASDAQ: NAKD) spiraled downward.
Former and current customers of Robinhood who have losses
exceeding $100,000 resulting from the inability to place a sell
order or to close a position in Gamestop, AMC, Nokia, Blackberry,
Koss, Bed Bath & Beyond, and Naked Brand on Robinhood’s
platform in January 2021, and who have information relating to the
trading restrictions imposed by Robinhood on their accounts, are
encouraged to contact KlaymanToskes here.
About KlaymanToskes
KT is a leading national securities law firm which practices
exclusively in the field of securities arbitration on behalf of
retail and institutional investors throughout the world in large
and complex securities matters. KT has recovered more than $225
million for investors in FINRA arbitrations. KT has office
locations in California, Florida, New York, and Puerto Rico.
Destination:
https://klaymantoskes.com/klaymantoskes-is-pursuing-arbitration-for-robinhood-financial-trading-restrictions/
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version on businesswire.com: https://www.businesswire.com/news/home/20220112005845/en/
KlaymanToskes Lawrence L. Klayman, Esq. (561) 542-5131
lklayman@klaymantoskes.com
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