Robinhood Has Told Users It May Close Some ‘At-Risk’ Positions
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Robinhood Markets told users of its popular stock trading app that it may close out some of their positions as part of measures it’s taking to reduce account risks.
“Unprecedented volatility” surrounding shares of GameStop Corp. and AMC Entertainment Holdings Inc. and increased risks related to their trading prompted Robinhood to make the move, a spokesperson for the brokerage said.