Kirby McInerney LLP Announces Investigation Against Robinhood Markets, Inc. (HOOD) on Behalf of Investors

New York, New York--(Newsfile Corp. - March 12, 2025) - The law firm of Kirby McInerney LLP is investigating potential claims against Robinhood Markets, Inc. ("Robinhood" or the "Company") (NASDAQ: HOOD). The investigation concerns whether Robinhood and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

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On March 7, 2025, the Financial Industry Regulatory Authority ("FINRA") announced that it "has ordered Robinhood Financial to pay $3.75 million to its customers, and fined Robinhood Financial and Robinhood Securities $26 million for violating numerous FINRA rules, including failing to respond to red flags of potential misconduct." FINRA accused Robinhood of giving customers inaccurate or incomplete disclosures associated with its practice of so-called "collaring" market order by converting them to limit orders and found that the trading platform failed to create and implement "reasonable anti-money laundering programs, which caused the firms to fail to detect, investigate or report suspicious activity, including manipulative trading, suspicious money movements and instances where customers' accounts were taken over by third-party hackers." On this news, the price of Robinhood stock fell $8.79 per share, or approximately 20%, from $44.42 per share on March 7, 2025, to close at $35.63 on March 10, 2025.

If you purchased or otherwise acquired Robinhood securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out the form below to discuss your rights or interests with respect to these matters without any cost to you.

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Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

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