ChapmanAlbin, a securities and financial investment law business centered in downtown Cleveland, announced now that it is gathering information and investigating promises from Robinhood end users who have been limited by the application from getting specified stocks, which include Gamestop and AMC, each of which have turn into global stories after Reddit users organized a brief-squeeze on hedge money, driving Gamestop’s stock selling price from $4 to additional than $400 at its high in a issue of months.
Robinhood, a commission payment-free application favored by the retail traders who drove the stocks’ ascent, restricted trading on Gamestop and other stocks mentioned commonly by the WallStreetBets subreddit. The transfer not only has drawn the quick ire of Congressional leaders like AOC who want an investigation into Robinhood’s conclusion but regulation firms interested in symbolizing buyers in a course motion.





One has previously been submitted in New York and ChapmanAlbin is exploring its own.



“Just a month in the past, the Massachusetts securities regulators filed a lawsuit versus Robinhood for aggressive, dishonest internet marketing tactics geared towards inexperienced traders,” Philip Vujanov, an legal professional at ChapmanAlbin, explained in a statement. “Now, Robinhood appears to be up to the similar aged tricks, recruiting social media influencers to inspire people today to indicator up and fund a Robinhood account and beginning obtaining shares of securities these types of as Gamestop and AMC, with no consideration as to the suitability of the purchases. To make matters worse, Robinhood proceeded to spot investing limits on the securities just a working day afterwards.” 



ChapmanAlbin, which didn’t instantly answer to a request from remark from Scene, invites Robinhood users to contact Vujanov at make contact with@chapmanlegal.com.



A submission sort is also accessible at their web site.


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