July 1, 2021
Robinhood - As a broker-dealer that routed customer orders for execution, Robinhood had a duty to seek to obtain the best reasonably available terms for customers orders
I have been a using Robinhood as an investment platform since 2017. Countless times my orders to be executed were stalled, delayed or swung negatively away from the execution price I was expecting.
I cannot count the amount of money I lost executing hundreds to thousands of trades over the years however I never believed Robinhood was acting in my best interest.
This lawsuit only confirms what I already \"felt\".
I would be happy to provide the hundreds of pages of order executions that was processed since 2017 if need be.
I do not believe 70 million was enough. I also do not believe it was \"just Robinhood\" who was responsible for the misinformation and shady practices used to bamboozle funds from retail investors.
I recommend further investigations into the market makers, the DTCC and the algorithms used in processing retail investors order flow.
Similar to Equifax settlement, which has disabled my ability to live a normal life without \"paying\" to monitor and locking my credit and stripped me of countless hours to protect my credit and challenge the fraud. Where I was promised resolution and have yet to be compensated a dime. I have little faith in Justice. These settlements will benefit the lawyers and corporations while the true cost of corruption sits at the doorstep of the victims of corruption.
Sincerely,
Andrew Good