It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending.
Boom in potentially risky behavior can be an opportunity for advisors to prove their value with behavioral coaching and guidance for clients looking to make speculative plays, according to a Cerulli study.
No one is welcoming the new army of Robinhood day-traders into the stock market more warmly than high-frequency trading firms.
Robinhood Markets Inc. is outrunning its online-brokerage rivals, at least by one widely followed industry metric for customer activity.
The narrative borrows from a Wall Street saw that ordinary investors are fools not fit to handle their own money, a caricature that has long been used to exclude them from markets.
Rich hedge fund managers are talking about it. So are not-so-rich millennials. And fast-twitch gamers, and bored sports fans and — in all likelihood — some 15-year-olds you know.
Robinhood Financial said Wednesday that it fixed an issue that had some users asking why their portfolios were displaying incorrect values.
Wirehouse says it will compensate clients hurt by four-and-a-half hour glitch Wednesday that prevented them from seeing accounts and required workarounds for trades.
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.