Robinhood boss says GameStop episode ‘unacceptable’

Lawmakers grill key players in the GameStop trading frenzy at a hearing in Washington. …

Robinhood receives fees from the market maker Citadel Securities, which pays to execute Robinhood customer orders. Citadel, the hedge fund business, and its partners last month invested in Melvin Capital, one of the hedge funds hit by losses after betting that GameStop’s shares would fall.

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