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press release

Jan. 12, 2022, 5:58 p.m. EST

NOTICE TO ROBINHOOD CUSTOMERS WITH LOSSES EXCEEDING $100,000: National Investment Fraud Lawyers KlaymanToskes Continues Investigation on Behalf of Customers Who Sustained Damages During January 2021 Trading Restrictions in Light of Investor Recovery

NEW YORK, (BUSINESS WIRE) -- National investment fraud lawyers KlaymanToskes (“KT”) continues to investigate on behalf of investors who sustained losses in excess of $100,000 from the January 2021 trading restrictions imposed by Robinhood Financial, LLC /zigman2/quotes/228268942/composite HOOD -1.27% . This is in light of the recent FINRA arbitration award, rendering Robinhood liable. If you were unable to place a sell order or to close your position due to Robinhood’s January 2021 platform failures, please contact us here .

According to the FINRA award, Robinhood was found liable for placing trading restrictions on its platform for certain stocks such as Koss /zigman2/quotes/207340503/composite KOSS -4.44% and Express, Inc. /zigman2/quotes/210459169/composite EXPR -4.71% at the height of the January 2021 stock rise. At the time, Robinhood stated that the trading restrictions were risk management decisions to protect the firm and its clearinghouses. After Robinhood announced the restrictions, the prices of Gamestop /zigman2/quotes/203755179/composite GME -3.56% , AMC /zigman2/quotes/200235402/composite AMC -8.03% , Nokia /zigman2/quotes/207421390/composite NOK +0.63% , Blackberry /zigman2/quotes/202784246/composite BB -2.00% , Koss /zigman2/quotes/207340503/composite KOSS -4.44% , Bed Bath & Beyond /zigman2/quotes/209801102/composite BBBY -9.94% , and Naked Brand spiraled downward.

Former and current customers of Robinhood who have losses exceeding $100,000 resulting from the inability to place a sell order or to close a position in Gamestop, AMC, Nokia, Blackberry, Koss, Bed Bath & Beyond, and Naked Brand on Robinhood’s platform in January 2021, and who have information relating to the trading restrictions imposed by Robinhood on their accounts, are encouraged to contact KlaymanToskes here .

About KlaymanToskes

KT is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. KT has recovered more than $225 million for investors in FINRA arbitrations. KT has office locations in California, Florida, New York, and Puerto Rico.

Destination: https://klaymantoskes.com/klaymantoskes-is-pursuing-arbitration-for-robinhood-financial-trading-restrictions/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220112005845/en/

SOURCE: KlaymanToskes

KlaymanToskes
Lawrence L. Klayman, Esq.
(561) 542-5131
lklayman@klaymantoskes.com

COMTEX_400434272/2456/2022-01-12T17:58:22

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