Stock trading app Robinhood facing inquiries from US regulators
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Stock trading app Robinhood has said that it is facing inquiries from US regulators over the company's decision to temporarily stop purchases of shares in companies such as GameStop. The company said it is "cooperating" with the entities. "We believe that the claims in these lawsuits are without merit and intend to defend against them vigorously," Robinhood said on allegations of breach of fiduciary duty and other common law claims.