Robinhood Securities, LLC

Lawsuit Filings

Robinhood ‘Meme Stocks’: More Class Actions Filed, MDL Created to Handle 39 Other Suits

April 9, 2021 A class action alleges Robinhood defrauded those who placed orders on the brokerage platform between Sept. 2016 and June 2019 by concealing the practice of routing orders to a group of outside trading firms in exchange for compensation.

Investor Class Action Alleges Robinhood Capitalized on Young Traders’ ‘Naivete’ with High Payments for Order Flow [UPDATE]

January 20, 2021 Robinhood faces another class action over its apparent failure to disclose that the majority of its revenue comes from high rates of payment for order flow.

Inexperienced Robinhood Traders Charged Backdoor Fees in Undisclosed ‘Payment for Order Flow’ Scheme, Class Action Says

January 4, 2021 A class action alleges Robinhood has misled novice users into executing inferior trades by failing to disclose that its revenue relies heavily on "payment for order flow" from market makers in exchange for executing trades.