Robinhood

Robinhood Markets, Inc. Announces Pricing of Initial Public Offering

Retrieved on: 
Thursday, July 29, 2021

MENLO PARK, Calif., July 28, 2021 (GLOBE NEWSWIRE) -- Robinhood Markets Inc. today announced the pricing of its initial public offering of 55,000,000 shares of its Class A common stock at a price to the public of $38.00 per share.

Key Points: 
  • MENLO PARK, Calif., July 28, 2021 (GLOBE NEWSWIRE) -- Robinhood Markets Inc. today announced the pricing of its initial public offering of 55,000,000 shares of its Class A common stock at a price to the public of $38.00 per share.
  • In the offering, 52,375,000 shares are being offered by Robinhood and 2,625,000 shares are being offered by existing stockholders.
  • The underwriters will have a 30-day option to buy an additional 5,500,000 shares from Robinhood at the initial public offering price, less underwriting discounts and commissions.
  • The net proceeds to Robinhood from the sale of Class A common stock in this offering will be approximately $1.89 billion.

Securities Arbitration Law Firm Iorio Altamirano LLP is Pursuing Arbitration Claims Against Robinhood for Allowing Ineligible Customers Trade Options; Individuals with Losses Encouraged to Contact the Law Firm

Retrieved on: 
Tuesday, July 27, 2021

Iorio Altamirano LLP, a leading securities arbitration law firm, is investigating claims on behalf of Robinhood Financial LLC (Robinhood) customers who were approved to trade options by Robinhood but did not satisfy eligibility requirements.

Key Points: 
  • Iorio Altamirano LLP, a leading securities arbitration law firm, is investigating claims on behalf of Robinhood Financial LLC (Robinhood) customers who were approved to trade options by Robinhood but did not satisfy eligibility requirements.
  • Iorio Altamirano LLP can review and analyze potential claims and advise individuals of their legal rights without obligation or cost.
  • To set up an evaluation, contact securities arbitration attorneys August Iorio at [email protected] or Jorge Altamirano at [email protected] .
  • Iorio Altamirano LLP also currently represents Robinhood traders in filing securities arbitration claims against the firm for placing trading restrictions on certain securities in January 2021.

Rosen Law Announces Updated Lead Plaintiff Deadline in Securities Class Action Lawsuits on Behalf of Investors Unable to Execute Trades and Who Sold and/or Purchased Certain Securities on the Robinhood Trading Platform on or Around January 28, 2021

Retrieved on: 
Tuesday, July 20, 2021

You may also contact your own counsel for copies of the complaints or the Rosen Law Firm below.

Key Points: 
  • You may also contact your own counsel for copies of the complaints or the Rosen Law Firm below.
  • According to the lawsuits, Robinhood engaged in illegal market manipulation by restricting trading of some or all of the Affected Securities.
  • Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Robinhood Markets Announces IPO Roadshow

Retrieved on: 
Monday, July 19, 2021

MENLO PARK, Calif., July 19, 2021 (GLOBE NEWSWIRE) -- Today, Robinhood Markets is announcing a public roadshow to bring Robinhoods story to the retail investing community in advance of becoming a publicly traded company.

Key Points: 
  • MENLO PARK, Calif., July 19, 2021 (GLOBE NEWSWIRE) -- Today, Robinhood Markets is announcing a public roadshow to bring Robinhoods story to the retail investing community in advance of becoming a publicly traded company.
  • Our live IPO Roadshow will be open to the public on Saturday, July 24 from 12-1 PM PT / 3-4 PM ET at roadshow.robinhood.com .
  • All are subsidiaries of Robinhood Markets, Inc. (Robinhood).
  • With Robinhood, people can invest with no account minimums through Robinhood Financial LLC, buy and sell crypto through Robinhood Crypto LLC, and learn about investing through easy-to-understand educational content.

NOTICE TO ROBINHOOD CUSTOMERS: The Securities Arbitration Law Firm of KlaymanToskes Is Investigating FINRA Arbitration Claims Concerning the January 2021 Trading Restrictions on Gamestop

Retrieved on: 
Tuesday, July 13, 2021

KlaymanToskes (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) due to trading restrictions imposed by Robinhood in January 2021.

Key Points: 
  • KlaymanToskes (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) due to trading restrictions imposed by Robinhood in January 2021.
  • 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, including Gamestop.
  • Robinhood stated that the trading restrictions were risk management decisions to protect the brokerage firm and its clearinghouses.
  • The sole purpose of this release is to investigate FINRA arbitration claims relating to Robinhoods trading restrictions occurring in January 2021.

Fastly Announces Two New Appointments to Board of Directors

Retrieved on: 
Monday, July 12, 2021

These independent director appointments increase Fastlys Board of Directors to nine members.

Key Points: 
  • These independent director appointments increase Fastlys Board of Directors to nine members.
  • View the full release here: https://www.businesswire.com/news/home/20210712005819/en/
    Paula Loop, new appointment to Fastly's Board of Directors.
  • (Photo: Business Wire)
    I am thrilled to welcome Paula and Charles to the Fastly Board as we continue building and delivering a more trustworthy and secure Internet for all, said Artur Bergman, Executive Chairperson of Fastly.
  • She currently serves on the board of Robinhood Markets Inc. and is a member of the Value Reporting Foundation Board.

Rootly Raises $3.2 Million to Help Companies Rapidly Recover From Technical Incidents

Retrieved on: 
Thursday, July 8, 2021

Companies such as Slack , Robinhood and most recently Fastly have experienced headline-grabbing outages, demonstrating that no company is immune to chaotic, manual and expensive incidents.

Key Points: 
  • Companies such as Slack , Robinhood and most recently Fastly have experienced headline-grabbing outages, demonstrating that no company is immune to chaotic, manual and expensive incidents.
  • Not only have incidents become harder to resolve, but engineers are trying to fix issues in less than optimal conditions.
  • Once the problem is fixed, Rootly provides retrospectives and actionable insights to keep similar incidents from happening in the future.
  • Rootly is an incident management platform and Slackbot designed to help companies resolve incidents faster by automating manual admin tasks and providing insight to prevent them in the future.

NOTICE TO ROBINHOOD FINANCIAL LLC INVESTORS – KlaymanToskes Commences Investigation for Robinhood Financial LLC (“Robinhood”) Investors With Losses in Excess of $100,000 Due to Firm’s Inappropriate Options Trading Approval

Retrieved on: 
Friday, July 2, 2021

KlaymanToskes ("KT") announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the inappropriate options trading approval from Robinhood Financial LLC (Robinhood).

Key Points: 
  • KlaymanToskes ("KT") announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the inappropriate options trading approval from Robinhood Financial LLC (Robinhood).
  • The inappropriate trading approval occurred despite the firms written supervisory procedures assigning registered options principals the responsibility of approving accounts for options trading.
  • Investors may seek damages in a FINRA arbitration if they were approved for options trading levels and suffered losses.
  • The sole purpose of this release is to investigate the alleged financial misconduct of Robinhood in its inappropriate options trading approval.

Robinhood Markets, Inc. Files Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Thursday, July 1, 2021

MENLO PARK, Calif., July 01, 2021 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission (the SEC) relating to the proposed initial public offering of its Class A common stock.

Key Points: 
  • MENLO PARK, Calif., July 01, 2021 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission (the SEC) relating to the proposed initial public offering of its Class A common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • Robinhood has applied to list its Class A common shares on the Nasdaq Stock Market under the ticker symbol HOOD.
  • Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint lead book-running managers for the proposed offering.

FINRA Orders Record Financial Penalties Against Robinhood Financial LLC

Retrieved on: 
Wednesday, June 30, 2021

FINRA announced today that it has fined Robinhood Financial LLC $57 million and ordered the firm to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed customers.

Key Points: 
  • FINRA announced today that it has fined Robinhood Financial LLC $57 million and ordered the firm to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed customers.
  • The sanctions represent the largest financial penalty ever ordered by FINRA and reflect the scope and seriousness of the violations.
  • For instance, one Robinhood customer who had turned margin off, tragically took his own life in June 2020.
  • As noted in the settlement, Robinhood also displayed to this individual (and certain other customers) inaccurate negative cash balances.