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Retail investors cautiously getting back into crypto
But web searches for the word 'bitcoin' have fallen back to bear-market levels, after spiking in the first half of January as bitcoin ETFs debuted.
Robinhood to pay $7.5M to settle Massachusetts charges
'We reject the premise that any part of our app, past or present, is 'gamified,'' a Robinhood spokesperson notes.
Robinhood to pay states $10.2 million over outages prior to meme stock frenzy
A multistate investigation of the problems in 2020 cited Robinhood for technology failures as well as lack of diligence in approving options trading.
Finra allocates $30 million of fine money to educate self-directed online investors
Part of the record penalty imposed last year on Robinhood will be used to help potential future customers protect themselves, according to Finra's annual report on fine monies.
Massachusetts judge strikes down state’s fiduciary rule
Michael Kitces says Massachusetts chief securities regulator William Galvin misfired by trying to impose fiduciary duty on brokers. Robinhood celebrates its win.
Robinhood debuts debit card after settling with state regulators
The Menlo Park, California-based company announced a new debit card last week, complete with a spare change investing feature, after reaching a settlement with the Vermont Department of Financial Regulation over lax oversight and service outages.
Arb win against Robinhood for meme-stock trading halt could provide road map
The victorious lawyer focused on alleged missteps related to liquidity and risk management, rather than conspiracy theory.
Robinhood breach exposes data on millions of users
The online brokerage said an intruder obtained personal information on about 7 million customers and then demanded payment.
Robinhood says SEC faces high legal burden to change broker-app rules
As the agency looks at whether game-like features used by the online trading platform lead to excessive trading by retail investors, Robinhood says additional regulation could be rejected by U.S. courts.
How online trading apps are changing the market
The 6 million people who downloaded trading apps in January alone represent a new breed of retail investor that is younger, earns a lower income and is more racially diverse than any investment cohort the industry has seen.
SEC inquiry into online brokers could redefine recommendations
The agency could be on the path toward clarifying whether online trading platforms are giving investment advice. The examination will also consider potential conflicts of interest between brokers and investors.
Robinhood makes public debut after wild year
Robinhood hit the public market after experiencing dramatic growth and heightened scrutiny throughout a pandemic year.
Robinhood under investigation by Finra ahead of IPO
Robinhood, whose IPO is slated for Thursday, disclosed in a filing that Finra is seeking registration information about its personnel, including the non-registration status of CEO Tenev and co-founder Bhatt.
Robinhood to pay record $70 million in Finra settlement
The online trading platform will pay a $57 million fine and $12.6 million in restitution to settle a series of alleged failures, from tech outages to misleading information; it is the largest financial penalty ever ordered by Finra.
Robinhood’s IPO plans slowed by SEC review
Robinhood's growing cryptocurrency business, which now allows customers to trade Bitcoin, Ethereum and even Dogecoin, has drawn questions from the Securities and Exchange Commission, a source says.
Robinhood plans to reveal IPO filing as soon as next week
The filing will give potential investors their first comprehensive look at Robinhood's financials and the risks associated with the stock.
Robinhood takes swipe at Warren Buffett
The online brokerage was responding to Buffett's comment that Robinhood is contributing to the "casino aspect" of the stock market.
Why the public is still leery of online brokerages
Lawsuits have popped up alleging wide-reaching conspiracies and gamification strategies at some of the most well-known firms. Online brokerages are increasingly responsible for rebuilding public trust.
