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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

‘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’s Earnings Report Has Some Important Holes in It

On August 18, Robinhood (NASDAQ: HOOD) reported its second quarter 2021 results. Net revenues totaled...

Saturday, August 21, 2021, 09:00:00 AM

Robinhood: SEC Chairman Signals Tough Restrictions To Come For Payment For Order Flow

In a speech he delivered last week, U.S. SEC Chairman Gary Gensler continued his blistering...

Sunday, June 19, 2022, 05:25:00 PM

European Fintech Firm Takes Aim At Robinhood Via Commission Free Trading Stateside

On September 21, the European-based fintech firm Revolut announced plans to offer commission-free stock trading...

Sunday, September 26, 2021, 09:00:00 AM