Robinhood catches heat — Bank of America MD promotion list— Sundheim's D1 takes a bath on AMC bet

 
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Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

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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

Brian Moynihan, the chief executive of Bank of America.

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

Daniel Sundheim

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

Baiju Bhatt_Vlad Tenev_Co Founders and Co CEOs

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

GameStop

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)

Facebook just hired a top lawyer from ViacomCBS as the social-media giant's first chief compliance officer (BI)

24 pension fund officials demand BlackRock disclose its political activity and cut off any lawmakers that opposed Biden's certification as president (BI)

Exxon is fighting a plan hatched by major investors to push the oil giant to reveal how it influences climate policy (BI)

 
 
 
 
 
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