Washington | The chief executive of Robinhood defended the trading platform to US Congress on Thursday (Friday AEDT) for its actions during the GameStop trading saga, while apologising to customers for restricting their ability to trade at the height of the frenzy.

Members of the House Financial Services Committee questioned a panel of six witnesses appearing remotely. They asked whether the extreme volatility in the shares of the struggling video-game retailer exposed conflicts in the market’s structure that can hurt unsophisticated investors.

AP