Robinhood: Did Their President Trade On Non Public Information?

Today we chat about how Robinhood Markets (NASDAQ: HOOD) President Jim Swartwout, who was potentially trading on non-public material information. In a class-action lawsuit filed against the company, we find out that Swartwout sold all of his AMC prior to announcing the PCO (position closing only), meaning he knew the stock was about to drop, yet he sold his shares anyways.

Also, Citadel CEO Ken Griffin is worth a mention, given that we now know there was communication between both Citadel and Robinhood.


Information for this briefing was found via Twitter, Court Documents and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Canadian Gold Drills 19.5 g/t Gold Over 1.0 Metre At Lac Arsenault

Canadian Copper Secures Key Approval for Caribou Complex Acquisition

Related News

Robinhood On SEC Issuing Wells Notice: “We’re Disappointed”

Shares of Robinhood Markets (NASDAQ: HOOD) saw a 2% decline in premarket trading, reacting to...

Monday, May 6, 2024, 09:14:12 AM

Robinhood: Active Users Continue To Fall Despite Positive Earnings

After the market closed on August 2, Robinhood Markets, Inc. (NASDAQ: HOOD) reported its first...

Sunday, August 6, 2023, 11:41:00 AM

‘The Wolf of Wall Street’ Jordan Belfort Says Robinhood is ‘Toast’ Following GameStop Fiasco

The sudden decision by Robinhood to halt trading of several highly volatile stocks following the...

Tuesday, February 2, 2021, 03:56:00 PM

Massachusetts Regulator Files Complaint Against Robinhood, Alleging Manipulation of Inexperienced Investors

It appears that the popular trading app Robinhood is finally in the hot seat, after...

Wednesday, December 16, 2020, 04:51:00 PM

Robinhood Revenues Likely To Decline Markedly on Sequential Basis

Robinhood Markets Inc. (NASDAQ: HOOD) plans to release 3Q 2021 earnings on October 26, and...

Saturday, October 16, 2021, 09:00:00 AM