Kessler Topaz Meltzer & Check, LLP investigates securities fraud claims on behalf of investors at Robinhood Markets, Inc. (HOOD)
Radnor, Pa .– (Newsfile Corp. – October 30, 2021) – Law firm Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of federal securities laws on behalf of investors at Robinhood Markets, Inc. (NASDAQ: HOOD) (“Robinhood”).
Robinhood, headquartered in Menlo Park, Calif., Is a financial services company that operates a mobile app that offers commission-free stock trading and allows users to invest in stocks, exchange-traded funds and cryptocurrencies.
On July 30, 2021, Robinhood proceeded to its initial public offering (“IPO”) and issued 55 million shares at $ 38 per share. Then, on October 26, 2021, Robinhood announced its financial results for the third quarter of 2021. The report found that Robinhood’s third quarter revenue was lower than Wall Street estimates, with crypto transaction revenue standing at $ 51 million. dollars, down 78% from the previous quarter. Following this news, Robinhood shares fell, falling 10% below the company’s $ 38 IPO price.
If you are a Robinhood investor and would like to learn more about our investigation, please CLICK HERE to complete our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; Email to [email protected].
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country regarding securities fraud, breach of fiduciary duty, and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force in corporate governance reform and has raised billions of dollars on behalf of institutional and individual investors in the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and participate in the recovery of government dollars). For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
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