News > US Lawmaker Says Robinhood Decision To Bar Some Retail Stock Purchases 'unacceptable'

US Lawmaker Says Robinhood Decision To Bar Some Retail Stock Purchases 'unacceptable'

U.S. Representative Alexandria Ocasio-Cortez on Thursday criticized the decision of online trading platform Robinhood to restrict retail trading in shares of GameStop and other companies that have seen dramatic gains this week attributed to social-media driven trading.

Ocasio-Cortez said the move was “unacceptable,” adding Congress needs to know more about Robinhood’s decision “to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.”