RADNOR, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of investors of Robinhood Markets, Inc. (NASDAQ: HOOD) (“Robinhood”).
Robinhood, headquartered Menlo Park, California, is a financial services company that operates a mobile app which offers commission-free trading of stocks and allows users to invest in stocks, exchange-traded funds, and cryptocurrencies.
On July 30, 2021, Robinhood conducted its initial public offering (“IPO”) and issued 55 million shares at $38 per share. Then, on October 26, 2021, Robinhood announced its 2021 third-quarter financial results. The report revealed that Robinhood’s third-quarter revenue fell short of Wall Street estimates, as crypto transaction revenue totaled $51 million, a 78% plunge compared to the preceding quarter. Following this news, Robinhood’s stock tumbled, 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 fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; E-mail at info@ktmc.com.
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500
info@ktmc.com
