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Conspiracy Alleged to Stop Retail Buys of Certain Securities Complaint

February 8, 2021

The complaint for this class action describes what it calls “a conspiracy to deprive individual investors … of their ability to invest in the open market in the midst of an unprecedent[ed] stock rise so that Defendants could shield themselves from incurring substantial losses as a result of their own high-risk short selling strategies.” The defendants are a long list of brokerages, funds, and clearinghouses, including Morgan Stanley Smith Barney, E*Trade, Charles Schwab, and Robinhood.

Case Event File: Conspiracy Alleged to Stop Retail Buys of Certain Securities Complaint

Related to: Conspiracy Alleged to Stop Retail Buys of Certain Securities Class Action