Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Bank of America just announced a new crop of sales and trading MDs. Check out the full list of names.
- Robinhood stopped purchases of GameStop, so its users are suing the fintech.
- Meanwhile, some GameStop store employees have been dealing with investing questions from customers.
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Bank of America has promoted 86 managing directors in its sales and trading, research, and operations groups – here are all the names
Joshua Roberts/Reuters
Bank of America announced a new batch of managing directors.
The 86 new MDs come from across the sales and trading, research, and operations groups and are a 16% uptick from last year’s class. We’ve got the full list of names.
Click here to see the entire list.
Hedge fund phenom Dan Sundheim's D1 Capital has been stung by the AMC short bet caught up in Reddit's trading frenzy
Brendan McDermid/Reuters
D1 Capital, managed by phenom Dan Sundheim, took a hit from the Reddit-fueled trading frenzy into AMC Theaters. Read more here.
Robinhood user launches class action suit against the trading app hours after it blocked purchases of GameStop
Robinhood
Unhappy with Robinhood's decision to restrict trading in some securities, the fintech's customers have filed a lawsuit. See more here.
Some GameStop store employees say they're getting investing questions from customers and they're in the dark about how to handle it
Ethan Miller/Getty Images
GameStop store employees have been dealing with some investing questions they feel ill-prepared for. Get the full rundown here.
Odd lots:
What's it like to work for Melvin Capital? (eFinancialCareers)