The CEO of Robinhood during a congressional hearing on last month's Wall Street chaos apologized for restricting GameStop trading, calling what occurred "unacceptable."
Vlad Tenev, CEO of the trading app, offered his apology during a House Financial Services Committee hearing Thursday that examined the events surrounding Reddit users last month sending GameStop stock, which had been heavily shorted by hedge funds, soaring. On Jan. 28, Robinhood temporarily limited trading of stock from GameStop and other companies, citing "recent volatility," a decision that drew heavy criticism and scrutiny from lawmakers.
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