The California-based trading app said in a statement it was restricting transactions for certain securities to position closing only, citing "recent volatility." ![]() ![]() Why has Robinhood restricted transactions? They said that established professional funds were largely able to continue trading the affected stocks. The restrictions sparked outcry among the individual traders - known as retail investors, and among US lawmakers on Thursday. Robinhood and other brokers on Thursday restricted transactions on shares at the center of major volatility on stock markets spurred by people organizing on platforms such as Reddit.
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