On Thursday, January 28, 2021, when Robinhood restricted the purchases of GME, it announced that it had done so in an attempt to adhere to SEC net capital requirements. [17] Regardless of these reportedly genuine motives, Robinhood's actions have been met with class-action lawsuits and public distrust. The SEC was also pressured to put out a public statement, which noted that "[t]he Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities," seemingly in direct response to Robinhood's actions. [18]