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SoFi fined $300,000 by SEC over proprietary fund sales
The enforcement action centered on a decision in April 2019 to replace third-party ETFs in approximately 20,000 automated accounts with funds sponsored by the firm’s parent company, Social Finance Inc.
SoFi, Robinhood plan early IPO access for retail
Social Finance said it will give investors with more than $3,000 in their accounts the ability to invest in initial public offerings.
SoFi to buy California lender as part of push into banking
Social Finance says its acquisition of Golden Pacific Bancorp will aid its efforts to obtain a national bank charter.
SoFi plans for more mergers after going public through SPAC
The online lender known as SoFi, which gained popularity by refinancing student loans, agreed to merge with Social Capital Hedosophia Holdings Corp. V, a special purpose acquisition company. It marks the latest example of a growing trend in which closely held firms go public by merging with a SPAC.
