San Diego, CA -- (SBWire) -- 11/12/2021 --Robinhood Markets, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Robinhood Markets, Inc. (NASDAQ: HOOD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Robinhood Markets, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Menlo Park, CA based Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies.
Robinhood Markets, Inc. commenced its initial public offering ("IPO") on July 30, 2021, issuing 55 million shares to the investing public at $38 per share, anticipating proceeds in excess of $2 billion.
After the markets closed on October 26, 2021, Robinhood Markets, Inc. announced its third quarter financial results, revealing revenue that fell short of Wall Street estimates.
Shares of Robinhood Markets, Inc. (NASDAQ: HOOD) declined to $33.99 per share on October 28, 2021.
Those who purchased shares of Robinhood Markets, Inc. (NASDAQ: HOOD) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:HOOD Investor Notice: Investigation over Possible Securities Laws Violations by Robinhood Markets, Inc.
An investigation for investors in Robinhood Markets, Inc. (NASDAQ:HOOD) shares over potential securities laws violations by Robinhood Markets, Inc. was announced.