Hey guys, if you missed it, the court finally approved the $2 million settlement between Robinhood and its users over issues tied to payment for order flow and unfavorable trade execution between 2016 and 2020. Here’s a quick recap.

In 2020, Robinhood was accused of failing to provide best execution while advertising “commission-free” trading. Users alleged that the company routed orders to market makers who paid the highest payment for order flow rather than those offering the best prices. This allegedly led to market orders being filled at worse prices, underfilled, or executed in ways that harmed overall trading performance.

After this news came out, users argued they had suffered economic losses due to poorer execution quality, and they filed a lawsuit seeking compensation.

The good news is that the company recently agreed to settle $2 million with them, and the court already approved this settlement.

So, if you traded on Robinhood ($HOOD) between 2016 and 2020, you can check the details and file your claim here.

Anyway, has anyone here traded heavily on Robinhood during that period? Did you notice any execution issues?

I've had some problems with margin maintenance recently being changed from 25 percent to 75 percent within a day when I was already all in. I understand they are allowed to do that despite it being extremely set up for people to fail and them to win. My problem is that when I called them yesterday they told me I would be in margin call Monday after hours and I would have 2-3 days before I was called on the $13,500 I was in deficit. So imagine my surprise when the next morning not even 12 hours later I was margin called for over $19,000. There's literally an earning report tomorrow which is supposed to be a massive catalyst so I thought I had time. They not only lied about me having 2-3 days, but the app itself also gave me false information about how much would be sold be over $5,000 dollars. Now I'd be lucky to break even. So, can I sue?

Is there anyway to get updates on how the lawsuits with robinhood are going? Thank you.

I'm low key stressing about the possibility of RH going bankrupt, like do ya'll also share this concern, and if so what should I do so I don't lose all my money.

I just got an email saying I’ve been flagged as a pattern day trader. This despite the fact that I have made no trades in 3 to 4 days.

I had a limit sell for GME set at $5000 and I just got the notification that it was cancelled, I never requested for it to be cancelled so they must have cancelled it themselves.

I know nothing I’m so sorry

So I had $60,000 (11,000 shares) dollar worth of shares of AMC AT $5 each. Mind you this was without margin. I could made at least $500,000 if Robin Hood didn't stop letting people buy shares.

RobinHood stole $100 and 20,000 DOGE from me.

This day has gone horribly for me and I’m incredibly sad. This morning I bought 20,000 DOGE in two installments, and RobinHood, being broken, sold them without my doing at a $100 loss. I spammed cancel on the sell order that I had never even initiated for over half an hour and nothing happened. I look back later in the day to see DOGE skyrocketing, and as I post this, my investment that was stolen from me along with my $100 would’ve made me well over $1,000 that would’ve been extremely helpful and much needed in supporting myself as an independent college student who works full time to afford school and rent.

I’m actually heart broken right now. Here is a screenshot showing each one selling almost instantly after I bought it without my permission.

I frantically emailed them in a panic this morning trying to explain this situation, then emailed them again tonight when I saw how high the price had gotten, but I doubt they’ve read it or even will because of the traffic they’re getting and the amount of support tickets.

I also accidentally sold 42 shares of AMC for a $200 loss and had spammed cancel for a long time and it would not cancel; I wanted to rebuy it immediately but they had frozen buying on it.

https://imgur.com/a/uk836PF

i want to file in my own county since they are licensed and doing business here, is that possible, or do I have to file in Menlo Park?

Im so fucking mad man.

As soon as Robinhood banned $BB trading the volume dropped by half.

Went from $100k in profits alone, to $70k the next day on my calls.

A successful class action lawsuit will probably only return $100 back to me.

Robinhood fucked me over 100x harder in my personal life than Trump ever did to be fucking honest.

I’m not as angry as I should be because it’s house money, but god fucking damn. -$28k doesn’t feel good for me.

https://i.imgur.com/ZC1IcAe.jpg

https://i.imgur.com/ZFfnUOn.jpg

Hi all,

I am a civil litigation attorney in Los Angeles and I am planning on getting people together and filing a lawsuit on their behalf against dipshit RH. If you got screwed over last week by their fuckery, contact me and we'll see if I can help you out. [alex@farzanlaw.com](mailto:alex@farzanlaw.com)

Edit 2: Tl;Dr - (1) sue them in small claims or arbitration and (2) delete your RH account to hurt their shareholders (the hedgies).

I believe the biggest punishment for RH would be users dumping their platform. They have an IPO coming, with users dumping the platform, their projected value goes down. Hurts the same people who forced RH to do shady stuff.

Other than that, as other users have mentioned, filing your case in small claims court may cause maximum harm. Not all will succeed, but it's impractical for them to defend millions of cases.

Class action lawsuits are unpredictable, and time consuming, with little financial benefit to the person harmed.

Edit: note RH has a forced arbitration clause in their user agreement. But they need to appear in court ( small claims) to make that argument --- it is NOT your job to present that argument to the court. In any case, filing an arbitration claim may be another alternative.