Robinhood denies claims that it bought GameStop shares out from beneath its merchants

Trading Platform Robinhood Fined 65 Million By Securities And Exchange Commission
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No, Robinhood tells The Verge, it didn’t dump full shares of GameStop, AMC, and different buzzy shares with out permission from its merchants.

That contradicts the tales of twelve individuals who spoke with The Verge, saying that the app unexpectedly bought off their holdings in a few of these corporations. Fairly numerous Robinhood customers expressed their shock on social media immediately that the app was promoting off their stakes, and we tracked down a dozen of them. These merchants didn’t imagine that they had prompted the gross sales, and so they stated they weren’t conscious of something on their account that may have routinely triggered them.

“I didn’t have any triggers to promote the inventory whether or not it went up or down. I actually wouldn’t have put it at $197 when…

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