Tag Archive : Robinhood

/ Robinhood

Accounts Looted, Customers Watched Helplessly

Have a problem at Robinhood? Well, that’s too damn bad. 

Robinhood might take 3 weeks to get back to you, even in cases of fraud in progress. 

Please consider No One at Robinhood to Call

It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she received a frustrating email.
 

The firm wrote it would investigate and respond within “a few weeks.” Now her money is gone.

Pruthvi Rao, a Chicago software engineer, said his account was hit on Oct. 6. His bet on Netflix Inc. was liquidated and $2,850 was soon withdrawn. He said he’s sent more than a dozen emails to Robinhood’s customer support address, and that he even tried

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(Bloomberg) — It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she received a frustrating email.



a hand holding a cellphone: The Robinhood application is displayed on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. The Securities Investor Protection Corp. said a new checking account from Robinhood Financial LLC raises red flags and that the deposited funds may not be eligible for protection.


© Bloomberg
The Robinhood application is displayed on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. The Securities Investor Protection Corp. said a new checking account from Robinhood Financial LLC raises red flags and that the deposited funds may not be eligible for protection.

The firm wrote it would investigate and respond within “a few weeks.” Now her money is gone.

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Bagheri is among five Robinhood customers who recounted similar experiences to Bloomberg News, saying they’ve been left in limbo in recent weeks after someone sold their investments

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A wild year of volatility for equities has brought investors of all sorts out of the woodwork. Although the ferocity of the first-quarter decline was a bit unnerving for all, it provided one heck of an opportunity for long-term investors to put their money to work in high-quality businesses.

The same can’t be said for short-term traders, or those chasing whatever happens to be this week’s or month’s hot stock on Wall Street. A quick glance at the investment activity by members of online investing app Robinhood confirms that some awful companies are being purchased.

Robinhood has been particularly successful at courting young and/or novice investors; the average age of its members is 31. Don’t get me wrong — it’s fantastic to see young people starting early and putting their money to work in the stock market. However, Robinhood is failing to provide the tools or education necessary for these

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