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Robinhood’s curb on trading during the frenzy hurt its customers and benefited its business associates, according to investors in the class action. Some of the issues relate to Robinhood’s actions in late January, when it abruptly limited trading for customers clamoring for meme stocks that were soaring as groups of small investors united on social media and squeezed the institutional players betting against the shares. registration document, a description of the legal proceedings pending against the company filled seven pages.
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