Stock Market logoStock Market Station

All the stock market news, every minute updated!

03 August 2021
13:25 hour

Capitol Report: Robinhood back in DC spotlight amid surge in GameStop shares

Market Watch

16/03/2021 - 21:53

The House Financial Services Committee will continue its investigation into the short squeeze of shares of GameStop Inc. and other meme stocks on Wednesday.


READ THE FULL ARTICLE ON MARKET WATCH

Related headlines:

  1. Capitol Report: Experts to take aim at Robinhood model during GameStop Senate hearing (08/03/2021 - Market Watch)
    Washington will keep the spotlight on Robinhood and other zero-commission brokers when the Senate Banking Committee holds a hearing on GameStop saga Tuesday at 10 a.m. Eastern, with expert witnesses set to warn of the dangers of financial speculation.
    [visit article]
  2. Capitol Report: Robinhood-GameStop saga could put spotlight on DC, Wall Street revolving door (08/02/2021 - Market Watch)
    As the financial services industry prepares for congressional scrutiny following the public outcry related to online broker Robinhood's decision to restrict trading of GameStop Inc. and other stocks, the perception of a cozy relationship between financial regulators and the industry could once again come to the fore.
    [visit article]
  3. Capitol Report: Here’s what to expect at the congressional hearings on GameStop and Robinhood (16/02/2021 - Market Watch)
    Executives at Robinhood, market maker Citadel Securities, hedge fund Melvin Capital, social media firm Reddit, and Keith Gill, an independent investor who found fame and riches with his early purchases of GameStop Inc. shares, will all testify at the hearing. Here's what to expect.
    [visit article]
  4. Capitol Report: Here’s what to expect at the congressional hearings on GameStop and Robinhood (16/02/2021 - Market Watch)
    Executives at Robinhood, market maker Citadel Securities, hedge fund Melvin Capital, social media firm Reddit, and Keith Gill, an independent investor who found fame and riches with his early purchases of GameStop Inc. shares, will all testify at the hearing. Here's what to expect.
    [visit article]
  5. Capitol Report: Senate probes Robinhood business model at GameStop hearing (09/03/2021 - Market Watch)
    The Senate Banking Committee began its public probe of the GameStop saga on Tuesday, with Democrats and Republicans staking out opposing positions on the value and dangers of a new retail trading landscape characterized by firms like Robinhood that offer no-commission trades and easy-to-use smartphone applications.
    [visit article]
  6. Capitol Report: Before Congress, Robinhood CEO Vlad Tenev to reject accusation that app encourages reckless trading (17/02/2021 - Market Watch)
    Vlad Tenev, co-CEO of the online broker Robinhood, will defend his company's decision in late January to temporarily restrict trading in so-called meme stocks, including GameStop Inc., and push back against allegations that the app's features encourage investors to buy and sell stocks too frequently or invest in often risky options trading.
    [visit article]
  7. Capitol Report: SEC’s Gensler hints at new rules aimed at Robinhood, Citadel following GameStop saga (05/05/2021 - Market Watch)
    Securities and Exchange Commission Chairman Gary Gensler has directed staff at the agency to prepare for potential new rulemaking and enforcement actions related to the recent short squeeze of shares in GameStop Inc. and other so-called meme stocks, which could affect app-based stock brokers and the market makers that execute a growing share of retail trades in America.
    [visit article]
  8. Capitol Report: Robinhood business model under fire at GameStop hearing in Congress (17/03/2021 - Market Watch)
    Democrats took aim at aspects of zero-commission broker Robinhood at a House Financial Services Committee hearing Monday, calling on regulators to consider banning the practice of payment for order flow and to reign in so-called gamification features of the app which critics say encourage users to trade more frequently than is financially wise.
    [visit article]
  9. Do I have a case against Robinhood for deeming my cash secured put “risky” and not automatically filling it? (02/07/2021 - Reddit Stock Market)
    Back in December 2020, I Sold to Open an $18.50p on GameStop. It closed ITM, and instead of automatically buying the 100 shares for $1,850 (which would now be worth around $20,000), Robinhood automatically sold it for $64. When I was notified of this, I clicked “why did you do this?” or whatever the prompt was, and they said it was deemed “a risky asset.” Against my better judgement, I then did not buy 100 shares but instead sold a $17p. That option never went ITM, and GME then skyrocketed. I think I would have bought the 100 shares and held them if Robinhood didn’t tell me GME was “risky.” I read the various DD posts on WSB and felt confident in the trade until Robinhood told me the trade was risky. That then got in my head and I simply sold another CSP at a lower strike. Does this sound like I have a case against them, or is this just the sort of thing that happens all the time and there’s nothing I can do about it? Thanks in advance!   submitted by   /u/God-of-Memes2020 [link]   [comments]
    [visit article]
  10. Capitol Report: Robinhood’s suit against Massachusetts may escalate a battle that could get the online broker tossed from the state (16/04/2021 - Market Watch)
    Online trading app Robinhood has been hounded by regulators for years, but now it's going on the offensive.
    [visit article]
  11. : GameStop hearing challenges assumptions about rookie investors — ‘Retail investors making up this new surge are different’ (18/02/2021 - Market Watch)
    Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop's rise and fall.
    [visit article]
  12. NewsWatch: GameStop hearing challenges assumptions about rookie investors — ‘Retail investors making up this new surge are different’ (18/02/2021 - Market Watch)
    Robinhood CEO Vlad Tenev discussed average account sizes and user demographics during a congressional hearing on GameStop's rise and fall.
    [visit article]
  13. GameStop shares soar more than 100% amid CFO resignation (25/02/2021 - Reddit Stock Market)
    GameStop announced Tuesday that its chief financial officer Jim Bell will resign on March 26. Sources familiar with the matter told Business Insider that Bell did not leave willingly, but was pushed out by Ryan Cohen, co-founder of Chewy and GameStop board member. GameStop was embroiled in an epic short squeeze last month. Shares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. Shares were halted with less than 30 minutes left in the trading day and the stock ended the day up 103.9%. Shares of GameStop rose another 83% in after hours trading on Wednesday. GameStop announced Tuesday that its chief financial officer Jim Bell will resign on March 26. “Mr. Bell’s resignation was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices,” the company said in a filing with the Securities and Exchange Commission Source: CNBC   submitted by   /u/DuPapai [link]   [comments]
    [visit article]
  14. Capitol Report: Robinhood ramps up its lobbying effort as Washington scrutinizes the trading app (10/02/2021 - Market Watch)
    Robinhood Markets Inc. now has a former Securities and Exchange Commission staffer and a former congressional staffer as in-house lobbyists, adding to its efforts to influence Washington.
    [visit article]
  15. Is Robinhood really a GOOD GUY?? (02/07/2021 - Reddit Stocks)
    Robinhood Wants You to Buy Robinhood Stock on Robinhood The trading app is allocating up to 35% of its IPO shares to individual investors, part of a strategy to bring IPO investing to the masses. Is RobinHood being a good guy? Do they want to let the little guy in to the big leagues. Maybe. Normally shares go to the large institutional investors. So why the change. Could be as I said Robinhood feels bad for how they did the little guy wrong, or maybe the company is overpriced and the big buys did not want the shares. Think about it, if there was money to be made would the large funds not want every piece of the pie they could get? I think the big funds are a little nervous about buying into Robinhood so the left over shares are going to us. Do you own DD and good luck. ​ Org. Article in WSJ   submitted by   /u/13pcm [link]   [comments]
    [visit article]
  16. Robinhood files for IPO despite GameStop backlash (24/03/2021 - Reddit Stock Market)
    Robinhood announced that it has confidentially filed for an initial public offering (IPO), on Tuesday. It’s likely that you already know what Robinhood is, due to the recent craziness on Wall Street. But if you need a refresher, it’s the trading app that many of the retail investors used to buy up stocks of GameStop, sending the stock up as much as 500%. Although the saga created a ton of free publicity for the zero-commission trading app, the company also came under fire from Congress for limiting its trades. The filing comes as a bold move for the company after its rough start to the year, but perhaps it is its way of bouncing back from the bad press, and capitalizing on its enormous surge in usage—an additional 6 million in the first two months of 2021. The company has selected Nasdaq to list its shares on and has filed confidentially with the US Securities and Exchange Commission (SEC). Other established startups, like Airbnb, Lyft, Slack and Palantir, have also filed IPOs confidentially—allowing them to keep their financial details private for the time being. Since its founding in 2013, Robinhood has been steadily growing its customer base, gaining 13 million users by the end of 2020. The California-based upstart pioneered zero-commission stock trading and disrupted the old-school industry of brokerage platforms like Charles Schwab, E-Trade, and Fidelity with its gamified approach to trading. The company’s flurry of new customers has definitely gotten the attention of Wall Street lately, with its valuation rising from $12 billion in September 2020 to $20 billion by the end of the year, and then doubling to $40 billion in February 2021. Full article here: https://marketbuzz.ca/robinhood-files-confidential-ipo/   submitted by   /u/TheMarketBuzz [link]   [comments]
    [visit article]
  17. : No commission trading means ‘you’re the product,’ lawmaker says in Robinhood-GameStop hearing (18/02/2021 - Market Watch)
    The major players in the GameStock saga faced tough questions from members of the House Financial Services Committee Thursday, as the rapid rise and collapse of the video-game retailer stock has shined a spotlight on some of the more obscure, and some would argue troubling, aspects of market structure in the U.S.
    [visit article]
  18. GE Stock Split Help (02/08/2021 - Reddit Stocks)
    So, first I'm using Robinhood for this, so I want to know if this is a Robinhood bug or how it works on that platform. (Using Robinhood because it was easy to dip my toe into the stock market. I have grand total of $600 in the stock market through Robinhood.) So I had 5 shares of GE before they split their stock. I understood that after the split, I'd have less shares than I currently do. That makes sense to me. I'm pretty sure that since the split causes the stock price to go up, I didn't have enough shares after the split to own a full share. I had thought that I would have had 0.xx shares? The way it states right now, all the money from those shares are no longer in my account and I have no shares at all of GE. Did I think this wrong or is Robinhood either taking a while to process this or have an issue in their system?   submitted by   /u/wabbits_foot [link]   [comments]
    [visit article]
  19. Market Extra: GameStop’s 53% surge fueled by a buy/sell ratio of 3-to-1, as ‘meme’ stock crowd emboldened (26/03/2021 - Market Watch)
    After taking a pummeling over the first three days of the week, shares of GameStop Corp. soar Thursday, aided by retail traders who remain emotionally committed to the videogame retailer even after shares got hammered 24 hours earlier.
    [visit article]
  20. A hedge fund lost 10% in just a few days after a sudden spike in AMC stock derailed an options trade, new report says (12/06/2021 - Reddit Stock Market)
    A hedge fund lost 10% in just a few days after a sudden spike in AMC stock derailed an options trade, new report says | Markets Insider (businessinsider.com) Natasha Dailey Jun. 11, 2021, 04:45 PM ​ Hedge fund Mudrick Capital lost 10% in just a few days amid a recent surge in AMC Entertainment's stock price, the Wall Street Journal reported. The fund announced earlier this month that it purchased millions of AMC shares and sold them at a profit shortly after. The fund is still up 12% year-to-date, while shares of AMC are up more than 2,000% Hedge fund Mudrick Capital lost 10% in just a few days of trading as shares of meme stock AMC Entertainment spiked to record highs, the Wall Street Journal reported, citing people familiar with the matter. The losses were driven by call options sold by firm founder Jason Mudrick, according to the WSJ. The position, intended to serve as a downside hedge, ended up backfiring as the stock surged too much, too fast. The runaway share spike occurred on June 2, when AMC shares rose as much as 127%, to $72.62, well beyond the strike price of $40 for Mudrick's options. Just one day prior, Mudrick had disclosed a $230.5 million purchase of new AMC stock, then immediately sold those shares at a profit, according to a Bloomberg report. Despite the success of that leg of the overall AMC trade, Mudrick's calls on the stock were still held short, leaving them vulnerable to the June 2 surge, the WSJ found. Mudrick did close out all options and debt positions on June 2, albeit too late to avoid the squeeze. While the fund did earn a roughly 5% return on the debt, it ended up absorbing a net loss of 5.4% because of the options trade. Though the fund took a hit amid the surge, it's still up about 12% for the year, the Journal said. Meanwhile, AMC, the world's largest movie theater chain, is up more than 2,000% year-to-date. Retail traders have been dealing blows to short sellers and hedge funds this year as they've poured into stocks with high short interest rates in order to force a short squeeze. Earlier this year, investors on Reddit's Wall Street Bets led a share price surge in GameStop, which caused short sellers to lose billions. Amid the renewed meme-stock interest in recent weeks, short sellers have continued to lose money in retail-trader favorites like AMC and GameStop. The meme stock trade has scared off many short sellers from heavily betting against certain stocks.   submitted by   /u/SavannahSmiles_ [link]   [comments]
    [visit article]
  21. Can someone explain to me what happened with my Hertz stock? (13/07/2021 - Reddit Stocks)
    Hello, not an investor and I'm using Robinhood. So I own about 140 shares of Hertz. Through the bankruptcy and delistingz it turned into HTZq. Then they made some announcements last week and my Robinhood account is now showing two sperate Hertz stocks. HTZZ 13 shares at about 20 dollars and HTZZw with 90 shares at about 9 dollars. They sent some info via Robinhood a while back but I can't find it now. Basically I want to retain the gains I made (I bought most of the stock really low) and not lose any money. Can anyone give me an ELI5 of what is going on? Thanks   submitted by   /u/SkydivingCats [link]   [comments]
    [visit article]
  22. Get out of ROBINHOOD NOW! (20/05/2021 - Reddit Stocks)
    If you are new here or have just been living under a rock Robinhood is literally about to bring down the whole system and here is why.. They don't actually own most of there shares. IOU after IOU after IOU there has been a lot of posts recently with individuals transferring out of Robinhood but getting fractional shares or having call options with fraction shares in the contract little weird no? Anyways they have been paying in some circumstances more then they need for those shares for example GME/AMC and possibly others that I may not be aware of also this somewhat aligns with the trading halts in January that now resulted in future lawsuits.. oh and interesting enough now they have an IPO coming to raise capital.. I wonder why. Maybe because they have no money? tldr: GTFO out of Robinhood if you haven't you risk losing everything..   submitted by   /u/kushzilla [link]   [comments]
    [visit article]
  23. NewsWatch: AMC shares surge over 15% on #AMCDay as meme traders aim to push movie chain’s shares back above $60 (14/06/2021 - Market Watch)
    Shares of movie chain were aloft to start another week, with the company's stock headed sharply higher amid a social-media campaign to push it toward $60 a share.
    [visit article]
  24. Market Extra: AMC shares surge over 15% on #AMCDay as meme traders aim push movie chain’s shares back above $60 (14/06/2021 - Market Watch)
    Shares of movie chain were aloft to start another week, with the company's stock headed sharply higher amid a social-media campaign to push it toward $60 a share.
    [visit article]
  25. Why is nobody asking the hard questions for not the broker but the clearing houses..... (21/02/2021 - Reddit Stocks)
    The average Robinhood trader on average probably only could afford or be willing to trade a few shares of Gamestop. Yet the clearing house charged Robinhood a massive up front liability related cash demand in order for the broker to continue to allow traders to trade... Even if Gamestop dipped for those traders there was no real risk of large scale numbers of people not being able to "take" that 200 dollar loss for example, so why the extraordinarily high cash demand as if the whole system was going to collapse because the average retail trader owned a share or two of Gamestop. If they do not have a FACTUAL based answer to this the SEC should investigate. Stop asking dumb question and ask the tough questions that actually have intelligence one these agencies that wield complete power over the market! Listening to the conference was a joke, none of the questions mattered literally none of them had any substance. I want to know WHY... why they felt the need for such a large instant demand when they KNEW the average trader only owned a few shares at most of GME and there was no risk of a collapse of the financial system or accounts not being able to front a loss of a freaking share of Gamestop... yet they DEMANDED Robinhood pays a MASSIVE amount to continue allowing it which is what CAUSED you all.. to not be able to buy... the retail trader..... we need a explanation for THIS and stop asking them the irrelevant questions we already KNOW...   submitted by   /u/7LyLa [link]   [comments]
    [visit article]
  26. Robinhood is behind Doge rise conspiracy (17/04/2021 - Reddit Stock Market)
    Doge coin & Robinhood conspiracy With doge coin hitting ATH’s it got me thinking. Several of the alt coins platforms are just too sketchy to invest in. With all the hacks that happened in the last couple years I personally won’t invest in crypto unless it’s something trustworthy like Coinbase. Robinhood has hit a low with consumers but they do allow traders to buy different crypto options that Coinbase doesn’t have. I’m wondering if robinhood secretly had anything to do with doge jumping up. They make the price rise somehow and now everyone comes back to robinhood. All of this ahead of their IPO as well? I almost thought of going back to robinhood. Does anyone else see how this isn’t the craziest theory?   submitted by   /u/wckdisevil [link]   [comments]
    [visit article]
  27. GameStop shares surge on first day of trade as largecap stock, AMC zooms 7% despite not make the cut (29/06/2021 - Financial Express)
    Popular memes stock GameStop has gone from a smallcap stock, favoured by short-sellers to a large-cap stock and the newest member of the FTSE Russell 1000 index.
    [visit article]
  28. Switching Brokerages (20/03/2021 - Reddit Stocks)
    I have been using Robinhood and have now opened a Fidelity account, it is just waiting for funding. First off, I REALLY don't like the Fidelity website. It looks complicated and confusing. Second, you have to apply for a margin account. I try to stay out of margin, but if the need arises I like the option of borrowing on margin because of the low interest rate compared to credit cards. I have good credit, but I don't want my credit run for that. Third, I do not want to tie up my stocks while they transfer. I only have Amazon, Gamestop (play money), and cash. I am thinking about selling my Amazon stock and taking that money and putting it in Fidelity and staying on Robinhood with Gamestop because I do not see that roller coaster lasting too long and I definitely do not want it tied up. Then I am back to the other issues... Do not know enough about other brokerages to make an informed decision on whether I want to open yet another brokerage account... Any suggestions would be appreciated.   submitted by   /u/pleadinginsanity2 [link]   [comments]
    [visit article]
  29. Robinhood to plan confidential IPO filing as soon as March (27/02/2021 - Reddit Stocks)
    Robinhood Markets Inc., the trading platform behind the boom-and-bust swing in GameStop Corp.’s shares, plans to file confidentially for an initial public offering as soon as March, according to people familiar with the matter. The company has held talks in the past week with underwriters about moving forward with a filing within weeks, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and the timing could change, the people said. A representative for Robinhood, based in Menlo Park, California, declined to comment. Robinhood exploded in popularity during the pandemic as homebound young people turned to its trading app to make money and pass the time. The company, which has been targeting a 2021 IPO since at least last year, faced a cash crunch when it ran into regulatory trouble three weeks ago. Robinhood had to draw down its credit lines and raise $3.4 billion from its backers to post more collateral with the Depository Trust & Clearing Corp., the industry’s clearinghouse. The DTCC wanted members to post more cash to ensure they could clear trades, given wild swings in stocks including video game retailer GameStop and movie theater chain AMC Entertainment Holdings Inc. Robinhood is also facing political and customer backlash because it temporarily curbed trading in GameStop and movie theater chain AMC Entertainment Holdings Inc. Robinhood is also facing political and customer backlash because it temporarily curbed trading in GameStop and other stocks. Robinhood was valued at $11.7 billion in a funding round last year. That company has been considering selling some of its shares in its IPO directly to its own users, Bloomberg News reported. Such a move would be striking because retail investors usually don’t get to buy into new listings at the offering price. Instead, they typically have to invest on the first day of trading in a rush that can drive up the stock price. https://economictimes.indiatimes.com/markets/ipos/fpos/robinhood-to-plan-confidential-ipo-filing-as-soon-as-march/articleshow/81239789.cms   submitted by   /u/ExcellentNoThankYou [link]   [comments]
    [visit article]
  30. What do you think? Robinhood fed S1 for IPO and Wants Us to Buy Robinhood on Robinhood (02/07/2021 - Reddit Stocks)
    *on my phone, typo in the title “fed”->”filed” https://www.google.com/amp/s/www.wsj.com/amp/articles/robinhood-ipo-filing-shows-power-of-the-meme-stock-boom-11625163113 Trading app, which plans to list on Nasdaq, generated $522 million of revenue in first quarter, more than quadruple its level from a year earlier https://www.google.com/amp/s/www.wsj.com/amp/articles/robinhood-wants-you-to-buy-robinhood-stock-on-robinhood-11625131801 The trading app is allocating up to 35% of its IPO shares to individual investors, part of a strategy to bring IPO investing to the masses   submitted by   /u/Yr9012 [link]   [comments]
    [visit article]
  31. Capitol Report: Bill Gates to speak at U.S. Chamber event on Wednesday (18/05/2021 - Market Watch)
    Billionaire Bill Gates is slated to speak Wednesday at a U.S. Chamber of Commerce event, with the Microsoft Corp. co-founder stepping into the spotlight following reports that have raised questions about his behavior.
    [visit article]
  32. Robinhood’s Customers Finally Found a Valuation Too High—for Robinhood (29/07/2021 - Reddit Stock Market)
    Online brokerage Robinhood priced its initial public offering at $38 each, at the low end of its $38 to $42 price range. While that most likely reflects softer demand, there is some suggestion the company favors leaning lower to boost the chances of a first-day bounce. As the company has set aside up to 35% of the IPO for its own customers, the price may reflect retail investors’ own doubts. One reason behind that could be the valuation—$32 billion for a free stock trading app seems high, even if Robinhood’s growth has been nothing short of remarkable. That valuation looks demanding in light of regulatory risks. The Securities and Exchange Commission is reviewing what’s called payment for order flow, a practice which accounted for roughly 80% of Robinhood’s revenue in the first quarter. On the other hand a positive outcome of the review could change the picture. The timing of its debut is another factor. At the height of the GameStop and meme-stock frenzy things may have been different. Robinhood’s growth is slowing—the company itself expects third-quarter revenue to decline. To make matters worse, retail investors aren’t exactly enamored with Robinhood, whose moves to temporarily limit trading in GameStop and AMC in January have not been forgotten. Throwing the IPO open to its own customers could increase the volatility of its stock, Robinhood concedes. Whatever happens, it’s unlikely to be dull. —Callum Keown   submitted by   /u/Guy_PCS [link]   [comments]
    [visit article]
  33. GameStop shares surge over 40% after Cohen tapped to lead e-commerce pivot (08/03/2021 - Investing.com)

    [visit article]
  34. The New York Post: Robinhood plans hiring spree for cryptocurrency operation (20/03/2021 - Market Watch)
    Robinhood is planning to beef up its cryptocurrency staff this year amid an explosion of interest in trading digital coins.
    [visit article]
  35. Gamestop shares surge 104% and “WallStreetBets” is celebrating (25/02/2021 - Reddit Stock Market)
      submitted by   /u/thefoodboylover [link]   [comments]
    [visit article]
  36. Robinhood aims to spark a financial revolution and its IPO is just the beginning (29/07/2021 - Financial Express)
    Amid the short squeezes, the lawsuits, the vitriol and the battle for investing inclusivity, in Robinhood’s timely IPO we’re seeing the start of what’s set to become a financial class war between retail and Wall Street. 
    [visit article]
  37. Dollar firm amid U.S. yield spike; bitcoin back below $60,000 following surge to record high (15/03/2021 - Investing.com)

    [visit article]
  38. Why shorting Robinhood on IPO will not get you squeezed by big money (07/03/2021 - Reddit Stocks)
    So people have talked about shorting Robinhood but are afraid of big money getting revenge for GME by pumping Robinhood up and margin calling all the retail shorters Here are 2 reasons why you shouldn't be afraid of that if you decide to short Robinhood: roBinhood lost lots of cUstomers recentlY robinhood needed billions in CAsh to fix Liquidity issues to prevent LosseS If the above happens then I believe it should have a slingshot effect against any big money that might want to balloon Robinhood up So thus, I believe people should short sell Robinhood, buy puts on Robinhood, go short on Robinhood, Robinhood price target $0, Robinhood bad stock, I don't like Robinhood stock Feel free to crosspost to other investing subs I got banned from the big one and the replacement big one because I got banned for 69 days by the mods that thought my memes were bad   submitted by   /u/YsDivers [link]   [comments]
    [visit article]
  39. Is there an issue having lots of cash (>$150k) in Robinhood? (13/06/2021 - Reddit Stocks)
    I currently have around $50k in Robinhood holding VTI and QQQ and some other stocks. I have around $100k in my checking account collecting dust. I want to continue investing VTI and QQQ but not sure if I should use Robinhood or Fidelity or something. I love the Robinhood UI but every one in here seems to say to avoid on Robinhood. Is there any issue with holding large sums of money in Robinhood?   submitted by   /u/SuperLetterhead [link]   [comments]
    [visit article]
  40. Who do I report a brokerage to when taking too long to transfer my full account? (06/04/2021 - Reddit Stocks)
    Like many people, I left Robinhood following the January fiasco to TD Ameritrade. It took about two weeks to get my stocks transferred in (done around Feb 10) but my cost basis has still not transferred. I reached out a week later to both around Feb 17, and TD stated Robinhood is having issues with their cost basis and it should be transferred within 2-3 weeks, whereas Robinhood stated there is no ETA. I remember reading a comment stating they reported or threatened to report Robinhood to a department or an agency for taking so long, and they got it done very soon after. Does anyone know who I should reach out to? Thank you   submitted by   /u/EventfulLol [link]   [comments]
    [visit article]
  41. : GameStop, AMC burst out of gate at Thursday’s opening at insanely high volume (25/02/2021 - Market Watch)
    GameStop Corp. and AMC Entertainment Inc. shares picked back up where they left Wednesday and shot out of the gate at the beginning of Thursday trading.
    [visit article]
  42. NewsWatch: As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’ (07/06/2021 - Market Watch)
    The U.S. Securities and Exchange Commission warns that it is closely monitoring moves in the market, amid the surge in values of meme stocks AMC Entertainment and GameStop Corp.
    [visit article]
  43. Is there an issue having lots of money (>$150k) in Robinhood? (12/06/2021 - Reddit Stocks)
    I currently have around $50k in Robinhood holding VTI and QQQ and some other stocks. I have around $100k in my checking account collecting dust. I want to continue investing VTI and QQQ but not sure if I should use Robinhood or Fidelity or something. I love the Robinhood UI but every one in here seems to crap on Robinhood. Is there any issue with holding large sums of money in Robinhood?   submitted by   /u/SuperLetterhead [link]   [comments]
    [visit article]
  44. Transferring shares from robinhood. (28/03/2021 - Reddit Stocks)
    I hold etfs including VOO and VT on robinhood. I plan to hold long term but I don’t know if robinhood is a good broker to do that with. Could/should I transfer my shares to another broker for long term holdings?   submitted by   /u/crypt29 [link]   [comments]
    [visit article]
  45. Breaking: Robinhood reportedly files confidential IPO (23/03/2021 - Reddit Stocks)
    Robinhood Markets Inc. has filed for a confidential initial public offering with the Securities and Exchange Commission, according to a report late Tuesday - by Bloomberg. Robinhood is moving forward with its IPO although its listing plans could change, said people familiar with the matter. Source: https://www.bloomberg.com/news/articles/2021-03-23/robinhood-is-said-to-have-filed-confidentially-for-u-s-ipo   submitted by   /u/ShubhamG77 [link]   [comments]
    [visit article]
  46. Market Extra: As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’ (07/06/2021 - Market Watch)
    The U.S. Securities and Exchange Commission warns that it is closely monitoring moves in the market, amid the surge in values of meme stocks AMC Entertainment and GameStop Corp.
    [visit article]
  47. Ark Innovation ETF bought $45 million worth of Robinhood on first day of trade (30/07/2021 - Reddit Stocks)
    The Ark Innovation ETF ARKK, +0.21%, the flagship fund of Cathie Wood's Ark Investment Management, purchased nearly 1.3 million shares of Robinhood Markets HOOD, -8.37% during its first day of trade, worth roughly $45 million. Robinhood shares slumped 8% as the initial public offering, targeted to Robinhood's own retail base, was greeted with tepid demand. Source: https://www.marketwatch.com/story/ark-innovation-etf-bought-45-million-worth-of-robinhood-on-first-day-of-trade-2021-07-30 What is everyone’s thoughts, opinions, and takes on this move by Cathie Wood and Ark?   submitted by   /u/likwidfuzion [link]   [comments]
    [visit article]
  48. Massachusetts wants to ban RobinHood. They need to ban RobinHood worldwide. The name RobinHood says it all, they are Robbing you for your money. RobinHood is the worst site to use if you are investing in crypto or stocks. (13/05/2021 - Reddit Stock Market)
      submitted by   /u/Stockfomo [link]   [comments]
    [visit article]

For more information mailto [email protected]. Disclaimer.