10 Facts About Reddit Traders vs Wall Street Guys You Need to Know

Advertisements

9. Robinhood Users Suing the Company

In response, some app users have launched a class-action suit against the company, saying it manipulated the market by restricting trades, which caused users to lose money. However, what these users may not know, is that Robinhood is protected from such a lawsuit because of their user agreement.

The user agreement on Robinhood’s website says it “may at any time, in its sole discretion and without prior notice to Me, prohibit or restrict My ability to trade securities.” 

Advertisements