Meme-Stock Probe Finds Robinhood Woes Were Worse Than It Let On

Robinhood drew the ire of lawmakers on Capitol Hill last year after the surge in demand for meme stocks prompted the firm and some of its competitors to temporarily prevent clients from buying shares of some companies. The episode led to congressional hearings, threats of new regulations and added scrutiny for some of the biggest names in stock trading.

Meme-Stock Probe Finds Robinhood Woes Were Worse Than It Let On
Robinhood drew the ire of lawmakers on Capitol Hill last year after the surge in demand for meme stocks prompted the firm and some of its competitors to temporarily prevent clients from buying shares of some companies. The episode led to congressional hearings, threats of new regulations and added scrutiny for some of the biggest names in stock trading.