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Join the Securities Litigation and Enforcement Group on LinkedInRobinhood Gave Customers Access to IPOs That All Flopped – Bloomberg
A Bloomberg analysis of the program, IPO Access, suggests it has been a flop for investors so far. he initiative, which allowed users to buy shares of buzzy companies like Sweetgreen Inc. and Allbirds Inc. before they debuted on stock exchanges, resulted in losses for customers who still hold the shares. In an already dismal […]
Robinhood’s crypto arm fined $30 mln by New York State’s financial regulator | Reuters
New York State’s financial regulator has fined the crypto arm of Robinhood Markets Inc $30 million for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules. The New York State Department of Financial Services (NYDFS) said on Tuesday that Robinhood Crypto did not devote sufficient resources to address compliance and cybersecurity risks. Source: Robinhood’s crypto […]
Robinhood Wants You to Buy Robinhood Stock on Robinhood – WSJ
Robinhood Markets Inc. wants its users to buy stock. The online brokerage’s own, that is. The popular stock-trading app plans to set aside as much as 35% of shares in its coming initial public offering for individual investors, according to people familiar with the matter, a much larger retail allocation than in a typical deal. […]