Court dismisses investor class action request against Robinhood

As previously reported, investors filed legal proceedings against Robinhood’s trading restrictions implemented in early 2021 and requested a class action lawsuit. At present, the Southern District Court of Florida has rejected the investor’s request. The plaintiff believes that this case is suitable for class action and Robinhood is suspected of manipulating the market. The court held that the plaintiffs were underrepresented. (Cointelegraph)