Robinhood’s Meteoric Rise Feels the Pull of Wall Street Physics
- Clients bristle over limits on certain stocks at zero-fee firm
- ‘This is not a good position for a brokerage firm to be in’
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Robinhood Markets’ emergency ban on trading eight stocks this week ignited rage across the political spectrum, swiftly drew state and federal scrutiny and sent furious customers into the arms of competitors.
That was Thursday. By Friday afternoon, it was limiting purchases of shares in 23 companies. Soon, it was about 50.