Robinhood

Robinhood Breach Underscores The Dangers Of Social Engineering

Phishing emails have 'grown up' and changed form, often delivered as a text message to your smartphone.

Morning Docket: 11.19.21

* The Department of Justice is dropping $139M to help bolster police forces nationwide. Looks like the uhh... defunding thing isn't going too well. [Justice.gov] * California passed a law that should shrink the time it takes to see a shrink. [NPR] * Robinhood avoids a lawsuit stemming from GME shorts. But will the wrath of the firms and Memelords™ subside? Time will tell. [Reuters] * Pravati Capital proved to several lawyers the importance of reading contracts and arbitration clauses. If only they didn't have to pay loans at a 78% interest rate to be reminded. [ABA Journal]

SEC’s New Report On GameStop Stock Surge Is Pretty Wild

The SEC stopped short of making any new policy recommendations, but the agency did strongly imply that it would be taking a closer look at Robinhood Markets.

Did Ice Cube Check Himself Before He Wrecked Robinhood’s Name?

It is not quite clear that Ice Cube has a slam dunk case against Robinhood.

Morning Docket: 02.09.21

* A lawsuit has been filed following the Rose Bowl being played in Texas this year because of COVID-19. They should have a bowl game to resolve the dispute... [Fox News] * President Trump's former lawyer Michael Cohen has apologized to Stormy Daniels for putting her through "needless pain." [Yahoo News] * A Pennsylvania lawyer, who allegedly helped clients commit insurance fraud, has been disbarred. [Bloomberg Law] * Robinhood is facing a wrongful death lawsuit filed by the family of a college student who allegedly killed himself after purportedly sustaining trading losses using the platform. [Hill] * The Justice Department has dropped a lawsuit filed against a former aide to Melania Trump over a tell-all book published about the Trump Administration. That book must be a pager-turner... [Washington Post]

Morning Docket: 02.03.21

* Whole Foods is facing a lawsuit alleging the retailer misled customers by calling a product "Honey Graham Crackers" when it actually wasn't that healthy. Guess you do attract more flies with honey... [Fox News] * A Florida lawyer has been disbarred for filming sexual encounters with inmates in jail. [New York Daily News] * The Manhattan District Attorney is apparently investigating Stephen Bannon following his federal pardon by President Trump. [Washington Post] * Check out a summary on all of the lawsuits faced by Robinhood over its decisions regarding GameStop stock. [Verge] * A bank has repossessed a private plane owned by a San Antonio lawyer. Maybe he fought for the plane like it was the Alamo... [KSAT.com]

Morning Docket: 01.29.21

* A lawyer is demanding to know whether the FBI has uncovered $400 million of gold from the Civil War. Sounds like a sequel to National Treasure... [New York Post] * The New York Attorney General alleges that New York Governor Andrew Cuomo underreported nursing home deaths from COVID-19 in New York. [CNBC] * PACER apparently crashed yesterday because so many people were looking at class-action filings against Robinhood involving GameStop stock. [Law & Crime] * President Biden has started staffing a commission on Supreme Court reform. [Politico] * Facebook is allegedly preparing an antitrust lawsuit against Apple. At least Google isn't the target of antitrust action for a change... [Yahoo News]

Class Action Against Robinhood Over Gamestop Trading Arrives. Will Depart Very Soon.

What's this 'mandatory arbitration' thing mean?

Before His Death, Jack Bogle Brought Investing To The Masses; Now Someone Must Bring The Masses To Investing

The next true innovator in democratizing the financial system needs to find a way to get more Americans into the investment game.