Robinhood halts GameStop trading, sells users stock WITHOUT consent?!

Robinhood selling users' GameStop ($GME) shares AUTOMATICALLY, without warning -- and it's pissing lots of people off big time.

2 minutes & 9 seconds read time

The huge financial drama surrounding the US markets right now with Reddit and its fully viral r/WallStreetBets pushing GameStop and AMC shares through the roof. Well, Robinhood is stopping retail investors from getting in on the wave, and even selling their shares automatically.

Robinhood users began noticing their $GME shares being sold without warning, with Robinhood alerting users that due to "recently volatility, we are restricting transactions for certain securities to position closing only. However, due to unreasonable risk involved in brokering your position, we have closed your 4,500 shares of GME for an average price of $118.93 on January 28th, 2021 at 11:24 AM".

The notice from Robinhood continues: "Your trade confirmation will be available in your order history on Robinhood in one trading day".

Nevermind that GameStop stock was $450+ -- but hey, can't have the little guy doing what the big guy does, and getting away with it. You see, they don't like you taking a look behind the veil and pulling the levers yourself. This is only going to get bigger.

Robinhood halts GameStop trading, sells users stock WITHOUT consent?! 08
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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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