Rep. Maxine Waters To Lead Investigation Into Robinhood App

Rep. Maxine Waters To Lead Investigation Into Robinhood App Stock Chaos


By Cherranda Smith
The investment app Robinhood’s CEO
Vlad Tenev is reportedly set to testify before the House Finance Services Committee which is chaired by Rep.
Maxine Waters.
Politico, sources close to the matter say the hearing will take place on February 18 and will give lawmakers a chance to get to the bottom of the chaos stirred by traders on the Robinhood app. 
Last week, shares of GameStop and AMC skyrocketing to unprecedented levels as a throng of Robinhood users feverishly bought shares. Wealthy hedge funds who’d bet on those stocks failing lost millions of dollars causing an uproar on Wall Street.

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