Robinhood Controversy: Robinhood has been fined $70 million due to client misinformation and system disruptions.
After deciding to block trades for GameStop on Jan. 28, the popular investing service Robinhood became the center of the controversy. Traders on Reddit began hurriedly buying the video game retailer’s stock, sending its stock skyrocketing. GameStop’s stock has since plummeted before rebounding. When a group of Reddit users spotted an opportunity to make money…