James L. Ferraro shareholder with The Ferraro Law Firm in Miami, filed the class action complaint. Courtesy photo Robinhood Takes From Poor to Give to Rich? Miami Firm Leads Florida Class Action
"This company turned out to be yet another Wall Street Wolf disguised in sheep's clothing," the South Florida complaint said.
February 01, 2021 at 02:04 PM
5 minute read
A Miami firm has become the latest to join a wave of litigation against stock trading application Robinhood Financial LLC over the company's decision to restrict trading in certain securities, including shares of GameStop Corp. and Nokia Corp., amid an unprecedented Reddit-fueled price hike.
The Ferraro Law Firm filed the complaint Saturday in the Southern District of Florida, accusing the online brokerage firm of using "sleazy" business practices to betray the customer base it claimed to serve.
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