Robinhood Faces 90 Lawsuits as Congressional Hearing Looms
The trading platform heads to Washington on Thursday, cast as the villain in a story that took the financial world by storm.
Category: Banking & Finance
Competition Probe Opened Into Mastercard’s ATM Scheme
Swiss authorities are investigating whether the payments giant broke rules on transactions using other banks’ ATMs.
Nasdaq, New York Stock Exchange Sue SEC Over Public Data Feeds
The move to expand public access to stock data could undermine exchanges’ proprietary data businesses, the claimants said.
Robinhood Sued Over Suicide of 20-Year-Old Trader
Alex Kearns’s parents allege that Robinhood’s poor communication caused their son to believe he was deeply in debt.
Class Action Lawsuit Filed Against Robinhood for Restricting Trading
Traders left unable to buy newly boosted stocks, leading to price crashes and widespread losses, are now suing the platform.
Cum-Ex – The Storm Clouds Gather
The Cum-Ex tax loophole scandal may be coming to an end, but the scale of investigations into connected individuals and corporations is only increasing.
Visa Scraps $5.3 Billion Plaid Acquisition
The deal’s cancellation comes after the DOJ sought to block It, labelling the merger “monopolistic”.
Trump Bans Transactions With Alipay and Eight Other Chinese Apps
Citing the potential for misuse of personally identifiable data, a new executive order blocks use of several Chinese payment apps.
Quincecare, Fraud and Insolvency – Bankers’ Duties and Deep Pockets
What is the Quincecare duty, and what bearing does it have on banks that are involved in fraud and insolvency cases?
Robinhood Agrees to $65 Million Fine for ‘Misleading Customers’
The SEC alleged that the popular trading platform concealed the true cost of trading stocks through its service.