“Former contracts prof and presidential candidate (note the order), Sen Elizabeth Warren slammed Robinhood in a statement released February 17th for hiding its forced arbitration clause ‘behind dozens of pages of legalese’. The statement was in response to the trading app’s response to an earlier letter where Sen Warren questioned the reason for abruptly halting trading of GameStop shares. In that letter, dated February 2, Sen Warren raised concerns about the relationship that Robinhood had to ‘large hedge funds and other financial institutions’ and questioned whether it was treating its investors ‘honestly and fairly’ …” (more)
[Nancy Kim, ContractsProf Blog, 24 February]
First posted 2021-02-24 19:27:51
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