Robinhood Markets, Inc. Class Action Lawsuit - HOOD

The filed complaint alleges that Robinhood Markets, Inc. made materially false and/or misleading statements and/or failed to disclose that: The Financial Industry Regulatory Authority ("FINRA") announced on March 7, 2025, that it "has ordered Robinhood Financial to pay $3.75 million to its customers, and fined Robinhood Financial and Robinhood Securities $26 million for violating numerous FINRA rules, including failing to respond to red flags of potential misconduct." FINRA accused Robinhood of giving customers inaccurate or incomplete disclosures associated with its practice of so-called "collaring" market order by converting them to limit orders and found that the trading platform failed to create and implement "reasonable anti-money laundering programs, which caused the firms to fail to detect, investigate or report suspicious activity, including manipulative trading, suspicious money movements and instances where customers' accounts were taken over by third-party hackers." Following this news, Robinhood's stock price fell over 19% on March 10, 2025.

In order to be eligible to join the HOOD class action lawsuit, you must have incurred a loss on shares of Robinhood purchased during the class period listed above.