ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Scott+Scott Attorneys at Law LLP Reminds Shareholders of Its Investigation into Robinhood Markets Inc. (HOOD)

Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, reminds Robinhood Markets Inc. (“Robinhood” or the “Company”) (NASDAQ: HOOD) shareholders of its investigation into whether the Company and certain of its officers and directors violated federal securities laws. If you purchased or otherwise own Robinhood securities and have suffered a loss, you are encouraged to contact Jonathan Zimmerman at jzimmerman@scott-scott.com or (888) 398-9312 for more information.

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies.

Robinhood commenced its initial public offering (“IPO”) on July 30, 2021, issuing 55 million shares to the investing public at $38 per share, anticipating proceeds in excess of $2 billion.

After the markets closed on October 26, 2021, Robinhood released its third quarter financial results, revealing revenue the fell short of Wall Street estimates. On this news, Robinhood shares plummeted, trading intraday on October 27, 2021 at over 9% below the Company’s $38 IPO offering price.

On November 8, 2021, after the markets closed, Robinhood then announced that the Company experienced a “data security incident,” resulting in an unauthorized third party obtaining various information of about 7 million customers. On this news, Robinhood shares sank over 7% in after-hours trading.

What You Can Do

If you purchased or otherwise own Robinhood securities, have suffered a loss, and/or wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at jzimmerman@scott-scott.com, or visit the Robinhood investigation page on our website at https://scott-scott.com/sec-investigation/robinhood-markets-inc.

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.

Attorney Advertising

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.