Will Robinhood face legal consequences?

Question

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 &ldquo;Class action&rdquo; 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&rsquo;d appreciate it.

PaulHoule · Accepted Answer

In cases like this they go through this process
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.

Will Robinhood face legal consequences?

In cases like this they go through this processhttps://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.

In cases like this they go through this process
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.