GameStop and AMC are the latest stock trophies in the raging movement of ‘Nerds’ vs. Wall Street. The battle has caused volatile market activity and a surge in the value of stocks for no other reason than a conscious push by a group.
This is what happened with GameStop Corp. (GME). In early January 2021, GME stock started rising and has increased by approximately 300%.
Investors jumped at the opportunity, however, on January 27, 2021, investors who used the popular online brokerage app, Robinhood, were unable to purchase or even find the GME stock on the app.
By blocking customers from purchasing GME, Robinhood denied its customers the opportunity to make money.
Customers are rightly enraged by the actions of the online brokerage firm for pulling the stock for no discernable reason.
CaseyGerry has over 74-years of successfully representing individuals who have been negatively affected by the actions of companies.
If you are a customer of Robinhood Markets, Inc. and have been impacted by the company’s stock block, please contact our attorneys at (619) 238-1811 to explore your legal options.