in September 2021, alleging the firm restricted them from purchasing 13 “meme stocks” when hedge funds were being short squeezed in January 2021.
She explained that Robinhood “had the right to do exactly what they did” because they were not legally obligated to protect these investors from pure economic loss. If the investors decide to pursue the matter further, their next and final route will be through the U.S. Supreme Court, the highest court in the U.S. However, they will need to file a petition for a “writ of certiorari,” which is a document asking the Supreme Court to review the case.
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