We just got a little more news about what many expect to be the biggest IPO of 2021. Robinhood, the stock trading darling that is the envy of the fintech world, has announced the […]
Robinhood might owe you money: Trading platform to pay $70 million for regulatory failings
Robinhood, the zero-fee trading platform that rocketed to outer space as the COVID-19 pandemic unleashed a stock market craze, has now been grounded by financial regulators. On Wednesday, the Financial Industry Regulatory […]
We expect our emails and texts to send instantly. Why not our money?
Recent events such as the Robinhood-GameStop controversy and financial hardships brought on by the pandemic have cast light on a pressing underlying issue: The U.S. financial infrastructure is too slow. The snail’s […]
Liquidity Crisis? Robinhood Forced To Draw-Down Credit Lines Amid Trading Ban
Shortly after Robinhood folded on its earlier decision to block buying of several high-profile stocks, Bloomberg reports the company has drawn down some of its credit lines with banks. According to people with knowledge of […]