(CNN Business) – A Robinhood customer has filed a class action lawsuit against the action-taking application the players despise that the company prohibits operators from selling GameStop promotions by WallStreetBets, a popular Reddit group for investors.
The lawsuit, filed in New York District, alleges that Robinhood’s actions manipulated the market against its customers.
“Robinhood’s actions are being taken to propose and support it to manipulate the market for the benefit of the individuals and financial institutions that are not Robinhood’s customers,” the request states.
Robinhood did not respond to a request for comment. The company imposes restrictions on Jews in the negotiation of actions citing “recent volatility”. The company said in a blog post that only allows users to enter their positions in their actions, which include GameStop, AMC, Bed Bath & Beyond and Nokia.
Through the decision of the players, the actions of the GameStop will cause a large fluctuation.
The lawsuit alleges that Robinhood’s decision was taken by the minor inverters of the potential banks that could be obtained by buying when the shares were in good condition and to return them at their lower price.
What happened to GameStop shares
GameStop’s actions will disappear from January 11th, despite the company contracting various new members for the junta, according to the reverse investors, the company can help the company boost its digital sales. The RedStit WallStreetBets group has started promoting the actions and hizo that will create more than 1,000% in the last weeks.
The increase obliges the sellers in short that apostaban against the titles to buy actions to cover his positions, which he hizo that subieran aúns.
Many diary operators approve the free Robinhood negotiations and post on GameStop and other promotions promoted by the Reddit group. But these customers are playing a fun game. The foundations of the companies do not support high-priced actions of the elevator, and the built-in burger joint, equipped with the operators that have large crashes in GameStop and similar.
“We are committed to helping our customers sort out this time of year,” the company said in a statement. “We are essentially claiming that the world needs access to financial markets,” he said.
Robinhood has published another blog post about Jews on the day that “allowing them to buy limited” actions is part of the fire.
The ‘redditors’ are one
Through the decision of Robinhood of the Jews, the ‘redditors’ organize a new forum, r / ClassActionRobinHood, to coordinate the efforts for a request. The forum reunited with more than 31,000 users.
A lawyer’s study with which the editors involved was ChapmanAlbin LLC, located in Cleveland, Ohio, which specializes in inversions and financial fraud. The company’s home page currently has a message titled “Are you a Robinhood user who has lost data?”, Along with a way for people to get information.
The company has collected information for more than 6,000 people while investing in Robinhood, told CNN by Philip Vujanov.
“There are no precedents, no one wants to discuss another scenario like this,” Vujanov told CNN in a telephone interview. “There will be a lot of people loading up with the death,” he said.
Vujanov classified Robinhood’s actions as “disgraceful” and quoted one of Robinhood’s official accounts in March 2016 as saying: “Dejen que la gente negocie”.
“Now, by repentance, there is a change of position,” Vujanov said with respect to Robinhood.
A user account of Wallstreetbets found by Robinhood and Christopher Kardatzke, 21 years old. Kardatzke is a recent graduate of the university who, along with his son, developed a free financial software used by editors to guide his inversion strategy.
«Appears a little tonto. The r / wallstreetbets team operates GameStop and plays a Jenga game, but it is the same game that the cobblers have been playing for decades and decades », says Kardatzke. “It’s a ridiculous little thing,” he said.
The controversy over Robinhood in the Capitol
This sentiment is eco-friendly in the Capitol. Ally, Democratic Rep. Alexandria Ocasio-Cortez and Republican Sen. Ted Cruz form part of a group of legislators criticizing Robinhood’s decision.
“Now we need to know more about @RobinhoodApp’s decision to impede that minority investors buy actions, while the cobblers’ funds can negotiate freely the actions like the most successful,” Ocasio-Cortez said.
In a previous post, Ocasio-Cortez says that will be on Twitch this night to discuss GameStop and its successes.
Brian Fung, Alexis Benveniste and Matt Egan de CNN contribute important information.