New York attorney general ‘reviewing’ Robinhood case after class action suit accuses trading app of ‘market manipulation’ ...News

Russia Today - Economy
New York attorney general ‘reviewing’ Robinhood case after class action suit accuses trading app of ‘market manipulation’
source : Russia Today ( News ) () 22
New York Attorney General Latitia James said her office will review the Robinhood trading app and activity related to GameStop, as investors sue the firm after it froze stock buys for the games retailer during a major price surge. “We are aware of concerns raised regarding activity on the Robinhood app, including trading related to the GameStop stock. We are reviewing this matter,” James said in a statement on Thursday. The announcement came hours after a group of investors slapped Robinhood with a class action lawsuit in New York’s Southern District court, alleging the financial app “willingly and knowingly” halted purchases for GameS

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