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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Robinhood Markets, Inc. - HOOD

1. Pomerantz LLP investigates potential securities fraud against Robinhood. 2. FINRA fined Robinhood $26 million for multiple regulatory violations. 3. Robinhood's stock fell nearly 20% after the announcement of fines. 4. Investigations may deepen concerns regarding Robinhood’s compliance and governance.

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Why Very Bearish?

Regulatory fines and ongoing investigations could severely hamper investor confidence, similar to past cases like Wells Fargo's false accounts scandal, which led to significant stock drops and long recovery periods.

How important is it?

The article discusses significant legal issues that directly impact investor perceptions and options for HOOD, making it critically important.

Why Short Term?

Immediate stock price reactions indicate market sensitivity; ongoing investigations may affect future price but immediate legal issues dominate sentiment.

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FINRAWFCGS
NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Robinhood Markets, Inc. (“Robinhood” or the “Company”) (NASDAQ: HOOD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Robinhood and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] 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, Robinhood’s stock price fell $8.79 per share, or 19.79%, to close at $35.63 per share on March 10, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.    CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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