Robinhood Rival EToro Reimburses Users After Dumping Russia's Magnit
A customer departs a Magnit PJSC supermarket in Moscow.
Source: Bloomberg
This article is for subscribers only.
Trading platform EToro is reimbursing clients for losses after it liquidated positions in Russian supermarket Magnit PJSC in their portfolios for about a penny a share last week.
EToro “will be issuing a one-time reimbursement for the total initial invested amount of real stock positions,” a spokesperson for EToro said. The reimbursements don’t apply to leveraged shares.