KlaymanToskes, P.A. (“KT”), a leading national securities arbitration law firm, announces an investigation on behalf of Robinhood Financial, LLC (“Robinhood”) investors who sustained losses in Gamestop (NYSE: GME) and other select securities due to trading restrictions imposed by Robinhood in January 2021.
If you have suffered losses due to Robinhood Financial trading restrictions, please fill out our contact form on this page connect with a securities arbitration lawyer.
Robinhood and January 2021 Trading Restrictions
On January 28, 2021, Robinhood announced it restricted traders on its platform from opening new positions in several stocks and raised margin requirements on certain securities after the stock price of Gamestop increased over 150% from January 25 to January 27, 2021.
What Were the Trading Restrictions?
The trading restrictions imposed by Robinhood included Gamestop (NYSE: GME) and other stocks such as:
- AMC (NYSE: AMC)
- Blackbery (NYSE: BB)
- Nokia (NYSE: NOK)
- Koss Corporation (NYSE: KOSS)
- Express, Inc. (NYSE: EXPR)
- Bed, Bath & Beyond (NASDAQ: BBBY)
- Naked Brand (NASDAQ: NAKD)
On January 28, 2021, Robinhood announced in a blog post that it decided to temporarily limit buying of certain securities. The brokerage firm stated that their decision was for risk-management purposes, and it cited SEC net capital obligations and clearinghouse deposit financial requirements as reasons for their measures.
After Robinhood’s announcement, the stock price of Gamestop (NYSE: GME) and other select securities plummeted, and retail investors sustained losses as a result.
Contact Us – Robinhood Trading Restrictions Losses from January 2021
If you have suffered losses due to Robinhood’s trading restrictions, please fill out our contact form on this page to connect with a securities arbitration lawyer. Please fill out your name, contact information, stock information and losses in our form on this page, as well as downloading our Special Investor Report.
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 $220 million for investors in FINRA arbitrations. KT has office locations in California, Florida, New York, and Puerto Rico.