Welcome back to the channel everyone today, i want to explain how you are owed money by robin hood. Yes, you watching the video right now you're owed money by robin hood, and i want to explain to you how to claim it so stay tuned and let's make some money. And now i want to dive straight in with the key information. So robin hood's been in the news quite a lot lately, they're again seeking to toss out a fraud lawsuit over the meme stock trading restrictions.

You might say, hang on a second tom, didn't this get thrown out in december and november before christmas. Well, yes, but the lawsuit's been refiled and again they're seeking to toss it out. But this time it's going to be a lot harder for robin hood to have the lawsuit thrown out because a 27 year old truck driver just became robin hood's. First, big headache of 2022, as they've just had to pay him an arbitration award of 30 000 for restricting trading back in january.

So first, let's go through the fraud lawsuit. Then i want to talk about this lawsuit where they've just had to pay out 30 000 and how it can affect you and how you can claim your money back. So robinhood markets has again asked a federal judge in miami to dismiss a lawsuit, alleging the retail broker engaged in fraud and market manipulation when it restricted trading in several meme stocks last year. So the motion was refiled on friday and robin hood argued that the temporary limits were publicly announced and therefore not deceptive.

Now i think this is a terrible, terrible argument, just because i announced that i'm not paying any tax this year doesn't mean i should get away with committing a crime and not paying my tax or just because i announced i'm gon na commit a murder doesn't mean. I can get away with said murder just because i announced it and it wasn't deceptive in its motion to dismiss the complaint. Robin hood said: the investors do not have a plausible allegation that the brokerage stood to profit from lower share prices caused by the restrictions. Now i personally think that's rubbish.

Obviously, robin hood stood to benefit from the restrictions, but he didn't have to pay over the 3 billion demand from the dtcc and live to see another day, and on top of that, their colleagues and partners like citadel and melvin got to see another day as well And didn't go bankrupt when they probably should have. That obviously means that robin hood could continue to sell their payment for order flow to citadel, because, obviously, citadel didn't go bankrupt, like they probably should have. Chief judge, cecilia altenega in november, dismissed a related lawsuit, accusing robin hood and others of illegally conspiring to halt a short squeeze that was causing billions of dollars of losses for hedge funds that were betting on falling stock prices. I'm hoping the lawsuit isn't again dismissed like it was back in november, and i do hope it's taken seriously this time, but now, let's also talk about this finra arbitration award that was paid out to a 27 year old truck driver guys, if you didn't already know Right now, you can currently get up to 250 dollars in free bitcoin, when you sign up to blockfy, using the link in the description below instead of just buying some cryptocurrency and leaving it in a wallet and forgetting about it with blockfy.

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So you can accumulate more and more there's also no annual fee, but unfortunately the rewards card is only available in the us and not in the uk or in europe. Less than a week into the new year, a 27 year old truck driver from connecticut may have given robin hood a whole new thing to be worried about. In 2022, on january 6, an arbitrator for finra ruled that the zero commission trading platform was liable for 29 460 dollars in compensatory damages to jose batista a retail investor who filed a complaint with the industry self-regulator in may, alleging that he had suffered significant investment losses Due to robin hood's decision to restrict trading on certain meme stocks now, the key thing here is this very much sets a precedent for future cases of a similar nature and future cases of similar wording. If finra have determined that robin hood was liable to pay out this sum, why wouldn't they have to pay out again for the same problem? We know that robin hood didn't just restrict trading for jose batista alone.

They restricted it for millions and millions of people across the us. It says the judgment is the first of its kind to end with robin hood, paying money to a retail investor stemming from its trading restrictions and could provide a blueprint for other individual traders hoping to get relief from robin hood. It says, for starters, batista's case against the 13 billion dollar online broker was narrow and specific choosing to focus on how the restrictions impacted. His shareholdings in headphone maker costs and fashion brand express, as opposed to his whole portfolio.

Now again, that's fair enough, but again robin hood didn't just restrict trading on costs and express and no other companies in the market. They also restricted trading on amc, gamestop and many others as well. So if you did hold shares in amc, gamestop costs express or others you could be entitled to compensation from robin hood and finra. So batista's lawyer said there was a lot of noise about all of the conspiracy theories, referring to various civil suits.

That attempted to prove robin hood: colluded with its prime market maker citadel securities to restrict trading and protect hedge funds, shorting meme stocks, the sec investigated such allegations and found them lacking proof. Now, obviously, we know that robin hood did collude with citadel and we know that there is definitely not a lack of proof but bear with me a second and let me read the next sentence his lawyer said in keeping with their narrow approach. His lawyer and batista did not engage with conspiracy theories about the trading restrictions and stuck entirely to the details of batista's case those details being him wanting to sell shares, but obviously no one could buy the shares and therefore he was forced to sell a loss. His lawyer said finra showed here they were willing to adjudicate a case on the merits, basically because the lawyer didn't mention these conspiracy theories and just stuck to the straight and narrow of jose wanting to sell and not being able to finra actually heard the case.

Now, i think, there's two different ways we can go about this. We can a file our complaint against robin hood here on the finra complaint website. We can either file a complaint on the finra website about robin hood and other brokers that restricted buying back in january. I think this is definitely a good way to get your foot in the door, but i think the best way would be to contact jose batista's lawyer directly.

They actually have a twitter page. They recently tweeted, saying our law firm is proud to have represented the investor that secured the first win against robin hood over its decision to restrict the trading of certain meme stocks back in january of 2021., they've said investors that were harmed should contact us to review Their legal rights and obviously i'll leave the link to their twitter page down in the description below in case, you want to visit and obviously message them and have them represent you now. I also want to talk about the amc obv and give a bit of an update. Obviously, over the last month or two we've seen, the price of amc declined from the 40 to 50 dollar range, all the way down to the 20 range.

But, interestingly, what we've also seen is that obv stay incredibly strong, that entire time as you can see, the obv has made multiple touches on this purple line here around the 60 level, basically showing the obv is in this kind of rising wedge pattern. Now i do think that, as the volume starts to increase again for amc, the obv will break out of this rising wedge, causing the price of amc to run, to highs not seen before. As you can see at the top, it says the obv line in orange must cross the purple bar to confirm the start of the next leg up or peak or even the mother of all short squeezes. This kind of purple box here is the highest that the obv has been here back in june and july.

Obviously, we've now touched the start of this purple box multiple times over the last few months, but we haven't yet broken into the box and, above obviously the obv rose here. When amc ran up to around 50 to 56 dollars, it then fell slightly and again ran up just in october november time when amc was trading for around 45 50. This is why, even though the price of amc is falling, my confidence in amc isn't wavering, because the obv is staying so so high and is very close to a breakout. Now.

I also wanted to show you this interview with patrick byron, the founder of overstock and how stocks can be manipulated so easily. They don't go after the people who have sold 20 billion shares that don't exist for manipulating the stock. But if you do something that would expose the amount of doubt in the system, that's manipulating the stock is that i've been in this for so long. I can't tell what's weird anymore: do you get that that's yeah? No, i get it man, i totally get it.

So you were saying: if they offer um they. If they offer a a class of coin yeah, they go to t zero. They create a new class of stock that they issue instead of on nasdaq or nice. They issue in the t0 exchange and they dividend it out through their current shareholders that creates a non-fundable dividend that which means that the ken griffiths of the world can't the people who've been naked, shorting get exposed by that and they have to make.

You know. I guess the theories would make them cover, maybe there's other uh. You know, as i say, my job is just to work things out for short sellers, but yeah, or the argument from cohodes would be that that would show that that would make the ken griffiths have to cover because they can't come up with that non-fungible dividend. To deliver themselves so they would have to close their position and but the sec says: well, that's that would manipulate the stock.

If you make all these people close out their naked short position, what you say well, why does putting it on not change affect any stock price, but making it go away? It does affect the stock price. How does that work sec, it's so crooked. It really goes to show just how backward the system is at the moment. The fact that people can get in trouble for trying to squeeze shorts but the shorts don't get in trouble for naked shorting, billions of shares and, finally, for today i wanted to quickly touch on the latest inflation data for the month of december.

Obviously, throughout 2021 we saw inflation increase massively from 1.4 to 1.7 to 2.6, 4.2, 5, 5.4, 5.4, 5.3, 5.4. But then, in october november and december it shot up to 6.2 6.8 and 7 7 is the highest inflation rate, seen since the 1980s substantially higher than what we saw back in 2008, the average for 2021 is also substantially higher than the average for 2008 as well. Just showing what a dire position, the current economy, not only in the us but across the entire world, really is in at the moment the uk inflation data was also recently released and shows a very, very similar picture of inflation figures that are off the scale not Seen since the 1980s guys be sure to, let me know down in the comments below what you think about the recent arbitration award paid as a result of robin hood. Turning off the buy button, and as always guys if you enjoyed this video, be sure to check out some of my others.

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