Robinhood Meme Stocks
Robinhood was hit with several lawsuits after day traders using the app were unable to unload "meme stocks" whose value plummeted after the commission-free app restricted trading. The commission-free trading app has brought millions of new investors into the markets, many. NAKD stock is also among the top meme stocks that investors can buy on Robinhood. In fact, many of the WallStreetBets members talked of shorting the stock after having triggered. The Meme-Stock Lawsuit Floodgates Have Opened. House hearing gave traders idea, SEC says The accused took advantage of maker-taker exchange rules Robinhood helped draw unprecedented levels of new, younger traders to the stock market during the pandemic. Robinhood played a major role in the meme stock phenomenon, and it's still dealing with the fallout. Check out: Personal Finance Insider's review of Robinhood. Other Robinhood Financial fees may apply, check rbnhd.co/fees for details. The meme-stock play has been re-emerging this week, with retail traders once again pouring into shares of GameStop and AMC, among others.