ABW Stock Exchange: All Things Investing
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IP360
Doctorate & Ph.D in Bootyology
scalywaters
Member
anyone pick up shares of the trade desk after that split
Mr.LV
OG
AMC put on the Threshold list
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www.investopedia.com
When GME was put on the Threshold list
KEY TAKEAWAYS
What Is the Threshold Securities List? Definition and Criteria
A threshold list, or Regulation SHO Threshold Security List, details securities whose transactions failed to clear at a registered clearing agency.
When GME was put on the Threshold list
KEY TAKEAWAYS
- A threshold list is a list of securities that failed to settle in the previous five trading days.
- They are published by various exchanges in accordance with SEC regulations.
- These settlement failures may be indicative of naked short selling, although they may also be caused by benign factors, such as administrative errors.
M4nh4tt4n
Active Member
Any Niggaz forgot about my Bitcoin post back in the day? Well I ain’t got the PhotoShop prowess to post 350 shopping carts ($35,000+). 1 Bitcoin = 350 carts now, Niggaz. Have fun with your stocks (except #GME/#AMC {they go hard}). Fuck with me…
mike030270
Memes
/cloudfront-us-east-2.images.arcpublishing.com/reuters/S3KDPEUD6ZKAPKTU4AWYHEWA3E.jpg)
Robinhood fined $70 mln for harming 'millions' via misleading info, outages
Wall Street's industry regulator fined Robinhood Financial LLC $70 million on Wednesday for "systemic" failures, including systems outages, providing "false or misleading" information, and weak options trading controls, saying those factors combined harmed millions of the app's customers.
www.reuters.com
Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on Wednesday.
The firm will pay a $57 million penalty and $12.6 million in restitution to harmed consumers. The penalty was the largest ever issued by the Financial Industry Regulatory Authority (FINRA), according to the agency. The regulator said the firm misled consumers and exposed them to excessively risky trading tools, and also failed consumers when its services suffered multiple outages.
"We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all," a company spokesperson said in an emailed statement, noting the brokerage has invested heavily in customer resources and support as well as compliance.
Robinhood in December agreed to pay $65 million to the Securities and Exchange Commission (SEC) to settle charges it misled customers about its revenue sources. read more
The online startup, which has been credited with helping popularize trading among millennials, has seen scrutiny from regulators and lawmakers increase in recent months as retail investors have piled into so-called "meme stocks" such as GameStop Corp (GME.N) and AMC Entertainment Holdings (AMC.N).
M4nh4tt4n
Active Member
Robinhood fined $70 mln for harming 'millions' via misleading info, outages
Wall Street's industry regulator fined Robinhood Financial LLC $70 million on Wednesday for "systemic" failures, including systems outages, providing "false or misleading" information, and weak options trading controls, saying those factors combined harmed millions of the app's customers.
Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on Wednesday.
The firm will pay a $57 million penalty and $12.6 million in restitution to harmed consumers. The penalty was the largest ever issued by the Financial Industry Regulatory Authority (FINRA), according to the agency. The regulator said the firm misled consumers and exposed them to excessively risky trading tools, and also failed consumers when its services suffered multiple outages.
"We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all," a company spokesperson said in an emailed statement, noting the brokerage has invested heavily in customer resources and support as well as compliance.
Robinhood in December agreed to pay $65 million to the Securities and Exchange Commission (SEC) to settle charges it misled customers about its revenue sources. read more
The online startup, which has been credited with helping popularize trading among millennials, has seen scrutiny from regulators and lawmakers increase in recent months as retail investors have piled into so-called "meme stocks" such as GameStop Corp (GME.N) and AMC Entertainment Holdings (AMC.N).
RH fucks y’all outta billions, and pays the SEC $70,000,000. BWAHAHAGA!!! That $ounds about White. Wash/Rinse/Repeat…
bootcheese3000
Residential Hero of the Black Weirdos
Robinhood fined $70 mln for harming 'millions' via misleading info, outages
Wall Street's industry regulator fined Robinhood Financial LLC $70 million on Wednesday for "systemic" failures, including systems outages, providing "false or misleading" information, and weak options trading controls, saying those factors combined harmed millions of the app's customers.
Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on Wednesday.
The firm will pay a $57 million penalty and $12.6 million in restitution to harmed consumers. The penalty was the largest ever issued by the Financial Industry Regulatory Authority (FINRA), according to the agency. The regulator said the firm misled consumers and exposed them to excessively risky trading tools, and also failed consumers when its services suffered multiple outages.
"We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all," a company spokesperson said in an emailed statement, noting the brokerage has invested heavily in customer resources and support as well as compliance.
Robinhood in December agreed to pay $65 million to the Securities and Exchange Commission (SEC) to settle charges it misled customers about its revenue sources. read more
The online startup, which has been credited with helping popularize trading among millennials, has seen scrutiny from regulators and lawmakers increase in recent months as retail investors have piled into so-called "meme stocks" such as GameStop Corp (GME.N) and AMC Entertainment Holdings (AMC.N).
Took them long enough to fine them, but People will still trade with this App.
Here's a link to Rose Han's "In The Money" Program where she breaks down how Options Trading works (it's to sign up on a waiting list to be informed about upcoming VIdeos and Tutorials):
In the Money Waitlist
programs.rosehan.com
M4nh4tt4n
Active Member
Took them long enough to fine them, but People will still trade with this App.
Here's a link to Rose Han's "In The Money" Program where she breaks down how Options Trading works (it's to sign up on a waiting list to be informed about upcoming VIdeos and Tutorials):
In the Money Waitlist
Yeah. I only use them to spam their free stock links. You’re spinning your wheels if you hold stocks there, tho. The’re front running you, selling your info, borrowing your shares, and all kinda other stuff prolly…
Mr.LV
OG
Feds Seized Robinhood CEO's Phone in GameStop Trading Halt Investigation
Robinhood says it is being widely investigated over its role in January's GameStop bonanza; is subject to at least 49 class action lawsuits.
www.vice.com
Robinhood says it is being widely investigated over its role in January's GameStop bonanza; is subject to at least 49 class action lawsuits.
Robinhood, the stock trading app that was subject to a record fine Wednesday, announced it intends to go public Thursday.
In its filing documents, the company admits that many of its customers are furious about how it handled January’s GameStop stock bonanza and that it is currently subject of at least 49 class action lawsuits related to trading restrictions it placed on the stock in January. The company also said it is under investigation by a series of regulators, state attorneys general, the SEC, and the U.S. Department of Justice in proceedings associated with the trading restrictions; the company said its CEO Vladimir Tenev has also had his cell phone seized by federal attorneys.
In January, Robinhood restricted the purchase of GameStop, AMC, and other "meme" stocks because the app literally did not have enough money to comply with regulations that require a certain amount of liquidity from companies that allow for stock trading. This restriction correlated with a days-long dive in the stock prices of GameStop, which skyrocketed in January and February and led to widespread calls from lawmakers, traders, and Redditors on the WallStreetBets subreddit to investigate Robinhood.
Those investigations are ongoing, according to Robinhood's S-1 filing with the SEC.
In its filing, Robinhood states that the fallout from these restrictions still have the potential to be disastrous for the company. “We have become aware of approximately 50 putative class actions … relating to the Early 2021 Trading Restrictions. The complaints generally allege breach of contract, breach of the implied covenant of good faith and fair dealing, negligence, breach of fiduciary duty and other common law claims. Several complaints further allege federal securities claims, federal and state antitrust claims and certain state consumer protection claims based on similar factual allegations,” the S-1 states.
It also states that the company and Tenev “have received requests for information, and in some cases, subpoenas and requests for testimony” related to investigations from “the United States Attorney’s Office for the Northern District of California ('USAO'), the U.S. Department of Justice, Antitrust Division, the SEC staff, FINRA, the New York Attorney General’s Office, other state attorneys general offices and a number of state securities regulators. Also, a related search warrant was executed by the USAO to obtain Mr. Tenev’s cell phone.”
“Due to the preliminary nature of all of these proceedings, we are unable at this time to estimate the likelihood or magnitude of any possible losses related to these matters,” the S-1 states.
The company said that the incident was bad for the company and “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and U.S. Congressional inquiries and investigations, capital raising by us in order to lift the trading restrictions while remaining in compliance with our net capital and deposit requirements and reputational harm. We cannot assure that similar events will not occur in the future.”
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IP360
Doctorate & Ph.D in Bootyology
Still patiently waiting. When is this stock revolution gonna take place? I got my "FUCC YOU I'M OUT" speech drafted up. So when I cash out big money style...i'm ready to send that muthafucca to management, while posting middle finger gifs all over the email. Lol!
L3NU
San Diego taco eater
Feds Seized Robinhood CEO's Phone in GameStop Trading Halt InvestigationFeds Seized Robinhood CEO's Phone in GameStop Trading Halt Investigation
Robinhood says it is being widely investigated over its role in January's GameStop bonanza; is subject to at least 49 class action lawsuits.
Robinhood says it is being widely investigated over its role in January's GameStop bonanza; is subject to at least 49 class action lawsuits.
Robinhood, the stock trading app that was subject to a record fine Wednesday, announced it intends to go public Thursday.
In its filing documents, the company admits that many of its customers are furious about how it handled January’s GameStop stock bonanza and that it is currently subject of at least 49 class action lawsuits related to trading restrictions it placed on the stock in January. The company also said it is under investigation by a series of regulators, state attorneys general, the SEC, and the U.S. Department of Justice in proceedings associated with the trading restrictions; the company said its CEO Vladimir Tenev has also had his cell phone seized by federal attorneys.
In January, Robinhood restricted the purchase of GameStop, AMC, and other "meme" stocks because the app literally did not have enough money to comply with regulations that require a certain amount of liquidity from companies that allow for stock trading. This restriction correlated with a days-long dive in the stock prices of GameStop, which skyrocketed in January and February and led to widespread calls from lawmakers, traders, and Redditors on the WallStreetBets subreddit to investigate Robinhood.
Those investigations are ongoing, according to Robinhood's S-1 filing with the SEC.
In its filing, Robinhood states that the fallout from these restrictions still have the potential to be disastrous for the company. “We have become aware of approximately 50 putative class actions … relating to the Early 2021 Trading Restrictions. The complaints generally allege breach of contract, breach of the implied covenant of good faith and fair dealing, negligence, breach of fiduciary duty and other common law claims. Several complaints further allege federal securities claims, federal and state antitrust claims and certain state consumer protection claims based on similar factual allegations,” the S-1 states.
It also states that the company and Tenev “have received requests for information, and in some cases, subpoenas and requests for testimony” related to investigations from “the United States Attorney’s Office for the Northern District of California ('USAO'), the U.S. Department of Justice, Antitrust Division, the SEC staff, FINRA, the New York Attorney General’s Office, other state attorneys general offices and a number of state securities regulators. Also, a related search warrant was executed by the USAO to obtain Mr. Tenev’s cell phone.”
“Due to the preliminary nature of all of these proceedings, we are unable at this time to estimate the likelihood or magnitude of any possible losses related to these matters,” the S-1 states.
The company said that the incident was bad for the company and “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and U.S. Congressional inquiries and investigations, capital raising by us in order to lift the trading restrictions while remaining in compliance with our net capital and deposit requirements and reputational harm. We cannot assure that similar events will not occur in the future.”
I guess this is good, I don't know what seizing his phone 6 months after the gamestop fiasco is gonna do he had plenty of time to wipe that shit or just get a burner lol but i guess its the step in the right direction.
Definitely bad for robinhoods stock price when they go public lol so at least there's that
bootcheese3000
Residential Hero of the Black Weirdos
Feds Seized Robinhood CEO's Phone in GameStop Trading Halt InvestigationFeds Seized Robinhood CEO's Phone in GameStop Trading Halt Investigation
Robinhood says it is being widely investigated over its role in January's GameStop bonanza; is subject to at least 49 class action lawsuits.
Robinhood says it is being widely investigated over its role in January's GameStop bonanza; is subject to at least 49 class action lawsuits.
Robinhood, the stock trading app that was subject to a record fine Wednesday, announced it intends to go public Thursday.
In its filing documents, the company admits that many of its customers are furious about how it handled January’s GameStop stock bonanza and that it is currently subject of at least 49 class action lawsuits related to trading restrictions it placed on the stock in January. The company also said it is under investigation by a series of regulators, state attorneys general, the SEC, and the U.S. Department of Justice in proceedings associated with the trading restrictions; the company said its CEO Vladimir Tenev has also had his cell phone seized by federal attorneys.
In January, Robinhood restricted the purchase of GameStop, AMC, and other "meme" stocks because the app literally did not have enough money to comply with regulations that require a certain amount of liquidity from companies that allow for stock trading. This restriction correlated with a days-long dive in the stock prices of GameStop, which skyrocketed in January and February and led to widespread calls from lawmakers, traders, and Redditors on the WallStreetBets subreddit to investigate Robinhood.
Those investigations are ongoing, according to Robinhood's S-1 filing with the SEC.
In its filing, Robinhood states that the fallout from these restrictions still have the potential to be disastrous for the company. “We have become aware of approximately 50 putative class actions … relating to the Early 2021 Trading Restrictions. The complaints generally allege breach of contract, breach of the implied covenant of good faith and fair dealing, negligence, breach of fiduciary duty and other common law claims. Several complaints further allege federal securities claims, federal and state antitrust claims and certain state consumer protection claims based on similar factual allegations,” the S-1 states.
It also states that the company and Tenev “have received requests for information, and in some cases, subpoenas and requests for testimony” related to investigations from “the United States Attorney’s Office for the Northern District of California ('USAO'), the U.S. Department of Justice, Antitrust Division, the SEC staff, FINRA, the New York Attorney General’s Office, other state attorneys general offices and a number of state securities regulators. Also, a related search warrant was executed by the USAO to obtain Mr. Tenev’s cell phone.”
“Due to the preliminary nature of all of these proceedings, we are unable at this time to estimate the likelihood or magnitude of any possible losses related to these matters,” the S-1 states.
The company said that the incident was bad for the company and “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and U.S. Congressional inquiries and investigations, capital raising by us in order to lift the trading restrictions while remaining in compliance with our net capital and deposit requirements and reputational harm. We cannot assure that similar events will not occur in the future.”
And the Hits just keep coming.
I saw that Yesterday about them filing for an IPO. They definitely aren't slowing that process down, despite the current state of affairs:
Robinhood Files to Go Public. What Its Prospectus Tells Us.
In its S-1 prospectus, Robinhood says it has 18 million funded accounts for the quarter ended March 31, more than double the 7.2 million accounts for the same period in 2020.
www.barrons.com
Lou Cypher
The Tokin' White Guy
Finally getting back into the game. Bought a little bit of Clover, Workhorse and Inseego today.
Are yall still using Robinhood? or did you change apps? for the mobile investors.
Are yall still using Robinhood? or did you change apps? for the mobile investors.
L3NU
San Diego taco eater
fidelity for the win...theres a couple of good youtube vids on how to transfer out of robinhood to another broker which I highly reccomend anyone using RH to do.
Mr.LV
OG
I've been on TD Ameritrade, I've never used Robinhood before