GameStop Revolt Redditors File Class Action Lawsuit Against Robinhood for Cutting off Access to the Market as Hedge Fund Losses Mount

by Andrew Kerr   A class-action lawsuit filed against the investing app Robinhood on Thursday just hours after it prohibited its users from purchasing GameStop stock is unlikely to be successful in court, legal experts told the Daily Caller News Foundation. And federal regulators with the Securities and Exchange Commission…

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SEC Transaction Fee Pilot Program Could Save Big Money for Small Investors, Pensioners

SEC building

By Robert Romano   In March, the Securities and Exchange Commission (SEC) proposed a new transaction fee pilot that would “subject stock exchange transaction fee pricing, including ‘maker-taker’ fee-and-rebate pricing models, to new temporary pricing restrictions across three test groups, and require the exchanges to prepare and publicly post data,” according to the…

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The $36 Billion Multi-Employer Pension Time Bomb Is Almost Ready to Go Off

retired people

By Robert Romano   114 out of the nation’s 1,400 multi-employer pension plans covering 1.3 million workers are underfunded to the tune of $36.4 billion, with plans expected to start going insolvent in the next 5 years or so, an Aug. 2017 analysis by Cheiron has found. This is the end result…

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