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

This Gold Story Starts With Cash Flow | Gordon Robb – ESGold

Silverco Cusi Mine PEA: Bigger Isn’t Always Better

Fixing Heart Disease Tied to Sudden Death in Young People | David Elsley – Cardiol Therapeutics

Recommended

Silver47 Eyes Discovery in Nevada After Tripling Kennedy Project Footprint

Total Metals Secures High Grade Critical Minerals Property In Northwestern Ontario

Related News

Robinhood Announces Positive Mid-Quarter Operating Metrics

Robinhood Markets, Inc. (NASDAQ: HOOD) last week reported several key operating statistics comparing the month...

Monday, November 21, 2022, 04:39:00 PM

Amid Market Volatility, Robinhood Halts Overnight Trading Due to Partner Issues

Robinhood (Nasdaq: HOOD) on Monday temporarily suspended its overnight trading service due to issues with...

Tuesday, August 6, 2024, 12:57:00 PM

Robinhood Covertly Files for US IPO

Fresh from its discomfiting Congressional hearing and onslaught of scrutiny from retail trading fanatics over...

Wednesday, March 24, 2021, 09:42:00 AM

Robinhood Reports August Metrics: Trading Jumped, Users Plateaued, Crypto Declined

Robinhood Markets, Inc. (Nasdaq: HOOD) announced its operating data for August 2022 on Monday after...

Tuesday, September 13, 2022, 11:26:42 AM

Robinhood to Give Retail Investors Direct Access to IPOs

In an effort to further— as Robinhood puts it— “democratize” retail investing, the stock trading...

Saturday, May 22, 2021, 05:06:00 PM