News

Lawsuits Filed Against Robinhood After Restricting Trades Of Shorted Stocks

Jon Brown
Lawsuits Filed Against Robinhood After Restricting Trades Of Shorted Stocks
Andrew Harrer/Bloomberg via Getty Images

Multiple lawsuits have been filed Thursday against Robinhood Financial after the company restricted its users from trading GameStop and other shorted stocks it deemed volatile.

Brendon Nelson, a retail investor from Massachusetts, filed a suit in the Southern District of New York claiming that the company violated “the implied covenant of good faith and fair dealing” with its customers when it forbid users from making certain transactions.

Got a tip worth investigating?

Your information could be the missing piece to an important story. Submit your tip today and make a difference.

Submit Tip