Robinhood Class Action Lawsuit, Gamestop Criminal Charges? Kevin Clinesmith Probation Plea

Watching the Watchers with Robert Gruler Esq.

Jan 30 2021 • 1 hr 46 mins

Robinhood CEO under pressure as two new lawsuits related to Gamestop Stonks (stocks) are filed amidst continuing market volatility. We review trading laws – is there any potential criminal exposure for retail investors in light of the Wall Street Crackdown and new Justice Department? Former FBI lawyer Kevin Clinesmith gets a sweetheart plea deal and is sentenced to probation after manipulating email in 2016 campaign. And more! Join criminal defense lawyer Robert F. Gruler to discuss the latest legal, political and criminal news, including:

• Robinhood Co-Founder & CEO Vlad Tenez does his best to not answer questions during CNBC interview

• Class action lawsuit filed against Robinhood Financial LLC - we review the Federal New York District Court complaint

• Second lawsuit filed by an individual against Robinhood Financial seeking an injunction in Federal District Court in Illinois

• Columbia Law School professor John C. Coffee weighs in on the Gamestop saga and SEC rules

• Section 9 of Securities Exchange Act addresses other objectionable market practice and may provide hints about the SEC investigation into retail trading

• Robinhood Terms of Service prohibit badmouthing the company and enables them to sell user positions in securities

• Senate Banking Chairperson Sen. Sherrod Brown announces Congress will be holding hearings on the Gamestop situation

• Subway Sandwiches sued for lacking "any trace of tuna" in their sandwiches - what did you have for lunch today?

• Former FBI lawyer Kevin Clinesmith sentenced to probation and $100 fine for falsifying emails that lead to 2016 investigation into Trump team

• As always, your questions and live chat after the news!

The show starts at 5pm AZ time (4pm PT, 6pm Central, 7pm ET).

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