June 7, 2021
Robinhood made $331.000.000,00 in Q1 of 2021. A $65.000.000,00 dollar fine is a mere slap on the wrist of a company that took advantage of millions of users. Robinhoods history is very dirty. They partake in market manipulation and are a joke to the investing world. Founder and CEO Vlad Tenev lied while under oath about the limiting of purchasing of certain stocks in the end of January. It's because of these stocks' popularity and Robinhoods cooperation with Citadel that they made $331mln in the first place. They actively assist with routing purchase orders through dark pools while keeping sell orders on public exchanges and thus negatively influencing the price of the stock. I request the SEC to review the penalty given to \"Rob the hood\" Robinhood as this is just the cost of doing business for them. They still made money of of the backs of hard working people all over the world and are getting away with it... again...
Thank you for your time.