An exterior view of a GameStop store on July 21, 2020 in Pembroke Pines, Florida. (Photo by Johnny Louis/Getty Images) Robinhood is facing class action lawsuits after the company’s response to the surge in trading involving GameStop and AMC, according to Fox Business.On Thursday, Robinhood and other trading platforms announced they would be restricting those stocks to "liquidate only.""We continuously monitor the markets and make changes where necessary.
In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR, and $TRVG.