Texas AG Issues Demands to Robinhood, Citadel, After Allegedly ‘Rigging’ the Market

The sign of GameStop in seen in Levittown, N.Y., on March 16, 2020. Bruce Bennett/Getty Images

Texas Attorney General Ken Paxton on Friday announced his office will investigate trading platforms after they restricted access to purchases of certain stocks like GameStop on Thursday.

“Today I’m launching an investigation into [trading platform Robinhood] and hedge funds who rigged our free [market] for the benefit of Wall St elites,” Paxton, a Republican, wrote in a tweet. “The US econ should be transparent, open. This week’s coordinated corruption by a cabal of oligarchs shows it isn’t. I’ll help fix that.”