October 6, 2024

Robinhood Clients Report Trading Restrictions on GameStop, AMC

Robinhood #Robinhood

a hand holding a cellphone: Robinhood Users Had Accounts Looted, Say There's No One To Call © Bloomberg Robinhood Users Had Accounts Looted, Say There’s No One To Call

(Bloomberg) — Clients of Robinhood Markets, the upstart online brokerage with millions of users, reported that they are unable to trade high-flying stocks, including GameStop Corp. and AMC Entertainment Holdings Inc.

Those stocks and others are “not supported” on Robinhood, according to a note on at least one of its platforms Thursday.

On Wednesday, Charles Schwab Corp.’s TD Ameritrade also curtailed transactions on GameStop, AMC and other securities.

Read more: GameStop Briefly Tops $500 as Stock Resumes Momentous Surge

A Robinhood representative didn’t immediately reply to messages seeking comment.

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