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Robinhood, Under the Gun, Raises $2.4 Billion



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By limiting trading, it was able to bring down the cushion of cash, or margin, it was required to keep by its clearinghouse. The company eased some of those curbs on Friday and on Monday decreased the number of companies with trading restrictions to eight from 50.The limits on trading by Robinhood set off a furious outcry among small investors, who claimed that the very app that had democratized trading was now doing the bidding of Wall Street.And the news that Robinhood had raised $2.4 billion so that it could ease curbs on trading didn’t impress William Moyer of …

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