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Feds seized Robinhood CEO's phone as part of GameStop trading probe


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https://www.cnbc.com/2021/07/01/feds-seized-robinhood-ceos-phone-as-part-of-gamestop-trading-probe.html

Robinhood CEO Vlad Tenev’s phone was seized by federal attorneys in one of the stock-trading app company’s many legal battles, it revealed in its IPO filing on Thursday.

In a section outlining legal risks from investigations and subpoenas, the company noted that “a related search warrant was executed by the USAO to obtain Mr. Tenev’s cell phone.” Here, “USAO” refers to the United States Attorney’s Office for the Northern District of California, which was investigating Robinhood’s restrictions on trading during the meme stock flurry around GameStop and other stocks early this year.

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