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Ask HN: Will Robinhood face legal consequences?
Will SEC/FINRA pursue action against Robinhood for their failings last month?
Their support has been downright horrible, people have lost a lot of money, and I see a few “Class action” movements on Twitter but nothing on the news.
As for myself, Robinhood has been holding my money hostage for nearly 2 months, with no end is sight. I hope they are held accountable, but if anyone with knowledge of the factors at play here can chime in, I’d appreciate it.
- PaulHoule 6y agoIn cases like this they go through this process https://www.cnbc.com/2018/12/14/robinhood-debate-highlights-differences-in-fdic-and-sipc-protections.html https://www.cnbc.com/2018/12/14/robinhood-debate-highlights-... and eventually your accounts are transferred to another broker or possibly you get a cash settlement.