The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly
WASHINGTON (Reuters) - Robinhood Markets is still facing a number of legal and regulatory threats a year after the retail "meme stock" trading frenzy led the brokerage to restrict trading in some stocks, infuriating customers.
That episode sparked multiple government probes, a flurry of private lawsuits by aggrieved customers and investors, and intensified regulatory scrutiny of Robinhood's business model, all of which weighed on the company's share price.
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
