Robinhood, Schwab Among Online Brokers Hit by Service Disruption
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(Bloomberg) — Online brokerages including Robinhood Markets and Charles Schwab Corp. were hit again Wednesday by service disruptions as traders were transfixed by wild swings in shares of GameStop Corp. and other heavily shorted stocks.
TD Ameritrade Holding Corp., Morgan Stanley’s E*Trade and Fidelity were also affected, according to Downdetector.com, which tracks user complaints.
Robinhood said it was experiencing difficulties with its web app, noting that iOS and Android apps remained operational, while Schwab said some clients were struggling with online trading because of a technical issue and had clients to place trades again.
E*Trade declined to comment.
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