Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, April 22, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Robinhood Markets, Inc. (“Robinhood” or “the Company”) ( HOOD) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Robinhood investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On March 7, 2025, the Financial Industry Regulatory Authority (FINRA) announced that it had ordered Robinhood Financial to pay $3.75 million in restitution to its customers and imposed a $26 million fine on Robinhood Financial and Robinhood Securities. The penalties were issued for multiple violations of FINRA rules, including failure to address red flags indicating potential misconduct. FINRA alleged that Robinhood provided customers with inaccurate or incomplete information regarding its practice of converting market orders to limit orders—known as “collaring.” Additionally, FINRA found that Robinhood failed to establish and maintain effective anti-money laundering programs, which led to the firms' inability to detect, investigate, or report suspicious activities such as manipulative trading, unusual money transfers, and account takeovers by third-party hackers.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bars
[email protected]
310-692-8883
www.portnoylaw.com
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