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Robinhood fallout sweeps market after firm’s $1 billion lifeline Annie Massa, Misyrlena Egkolfopoulou, Michelle F. Davis and Matthew Monks Bloomberg The Reddit hordes were at it again Friday, once again bidding up shares of GameStop Corp. and warring with hedge funds by seeking out targets such as Siebert Financial Corp. and Twinkie maker Hostess Brands Inc. Hours after Robinhood Markets said it received a cash infusion of more than $1 billion, having just angered legions of retail investors by imposing a raft of trading restrictions, the Securities and Exchange Commission said it would loo...

Robinhood Fallout Sweeps Market After $1 Billion Lifeline Bloomberg 1/29/2021 Annie Massa, Misyrlena Egkolfopoulou, Michelle F. Davis and Matthew Monks © Bloomberg The Robinhood website home screen on a smartphone arranged in the Brooklyn borough of New York, U.S., on Saturday, Dec. 19, 2020. Robinhood Markets will pay $65 million to settle allegations that it failed to properly inform clients it sold their stock orders to high-frequency traders and other firms, putting a major compliance headache behind the brokerage even as new ones emerge. (Bloomberg) -- The Reddit hor...

Robinhood raises $1 billion to counter cash crunch spawned by GameStop trading frenzy The logo for the Robinhood app on a smartphone. (Associated Press) Bloomberg New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama pitting legions of Robinhood Markets investors versus hedge-fund Goliaths. But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street, sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded ...