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  • Robinhood Must Pay User Nearly $41,784 Over Meme Stock Trading Halt

    Robinhood Must Pay User Nearly $41,784 Over Meme Stock Trading Halt

    In January 2021, stock trading app Robinhood infuriated users when it responded to surging trades of so-called meme stocks, by halting trades — effectively preventing users from selling shares until the prices had collapsed. Congressional hearings, regulatory probes, and a deluge of regulatory complaints and lawsuits ensued, which was at least one cause of its…