Recent events
Recent events tied to this brand in public sources.
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2021
Robinhood describes changes after Alex Kearns’ death
In a statement after Alex Kearns’ death, Robinhood said it was improving educational materials and adding live support staff, among other changes.
2021
Family sues Robinhood over student trader’s death
The family of Alex Kearns sued Robinhood in California state court over his death, alleging that the broker’s misleading communications caused him to panic over what he wrongly believed were large trading losses. The claims are allegations in the lawsuit.
2021
Kearns family sues Robinhood
Alex Kearns' parents filed a lawsuit against Robinhood alleging wrongful death and unfair business practices in connection with his suicide. The allegations are claims in the lawsuit, not a court determination.
2021
Florida residents sue Robinhood over trading restrictions
A Tampa Bay law firm filed a $5 million lawsuit on behalf of a Sarasota resident and two other people in Florida and California, alleging that Robinhood improperly stopped investors from trading GameStop shares during the prior week's surge.
2021
Robinhood restricts purchases of selected stocks
Robinhood restricted transactions in selected securities to position-closing only amid market volatility. The restrictions drew criticism and protests, and lawsuits alleged that the company improperly restricted trading.
2021
Robinhood announces limited buying in restricted stocks
After restricting purchases of selected stocks, Robinhood announced that it would allow limited trading in those stocks on Friday.
2020
Robinhood agrees to $65 million SEC settlement
Robinhood agreed to pay $65 million to settle charges brought by U.S. securities regulators over allegedly misleading customer information about payments from trading firms and order execution costs. Robinhood agreed to the penalty without admitting or denying the findings.
2020
Robinhood settles SEC investigation
The SEC charged Robinhood with misleading customers about revenue sources and failing to satisfy its best-execution duty. Robinhood settled the investigation, agreed to pay a $65 million civil penalty and a cease-and-desist order, and neither admitted nor denied the SEC's findings.
2020
Robinhood raises additional Series G funding
Robinhood announced an extension of its Series G funding round, raising additional capital and bringing its valuation to $11.7 billion.
2020
Robinhood raises $200 million from D1 Capital Partners
Robinhood said it raised $200 million from investment firm D1 Capital Partners at a valuation of $11.2 billion.
2020
Robinhood announces $200 million Series G funding round
Robinhood announced that it raised $200 million through its Series G funding round, bringing its valuation to $11.2 billion. D1 Capital Partners led the investment.
2020
Robinhood secures $280 million in Series F funding
Robinhood announced that it secured $280 million through its Series F funding round, led by Sequoia Capital, with participation from existing and new investors.
2020
Robinhood client filed lawsuit over trading outages
A Robinhood client filed a federal lawsuit on behalf of himself and other traders, alleging negligence and breach of contract over the platform's failure to provide functioning service. The article's stated Wednesday filing timing conflicts with its Tuesday publication date, so the publication date is used.
2020
Robinhood offers three months of Gold subscription compensation
Robinhood said it would provide Robinhood Gold customers with three months of service, amounting to a $15 discount. The offer was reported in connection with an outage.
2020
Robinhood online service outage
Robinhood Markets customers experienced technical issues with the online service when U.S. markets opened on Monday, and customers were still having difficulty with the site as of 10:51 a.m.
2019
FINRA fines Robinhood $1.25 million over trade execution
FINRA fined Robinhood $1.25 million for best-execution violations committed from October 2016 to November 2017. FINRA said Robinhood did not reasonably consider where it could find the highest-quality trades for users and that hundreds of thousands of orders each month fell outside its regular and rigorous review process. Robinhood said the issue did not reflect its current practices and described improvements to its monitoring tools and processes.
2019
FINRA settlement with Robinhood over best execution violations
FINRA fined Robinhood $1.25 million and entered findings that its procedures and reviews failed to meet best execution requirements. Robinhood consented to the findings without admitting or denying the charges and agreed to retain an independent consultant.
2019
Robinhood appoints Dan Gallagher to its board
Robinhood announced that it appointed former SEC Commissioner Dan Gallagher to its Board of Directors.