Customers who claim losses because of inability to trade when markets soared earlier this month are offered credits of at least $75—if they release it from lawsuits or other further claims for alleged losses.
FactSet, the main feed of market data to Merrill Lynch brokers, went down early Monday due to overwhelming market volume, Robinhood failed again and a Wells advisor is quarantined.
Son of litigator is the named plaintiff in putative class claim accusing Robinhood of negligence and breaches of contract over systems collapse as markets surged on Monday.
Robinhood Markets Inc. customers experienced technical issues on the company’s online service when U.S. markets opened on Monday morning.
Commission-free broker settles charges that it routed orders to larger firms in return for payment without ascertaining whether they were providing best execution for Robinhood customers.