Tagged: robinhood

January 28, 2021 @ 4:41 pm By JD Alois  |  

Robinhood is retreating a bit in its decision to curtail trading in shares of GameStop and other securities like AMC Entertainment that have been the focus of traders communicating on Reddit. The investment Fintech has just announced it will allow limited buys in these volatile… Read More

January 28, 2021 @ 3:44 pm By JD Alois  |  

  Senator Sherrod Brown, the incoming Chairman of the Senate Banking Committee, will be holding a hearing on the GameStop – Reddit phenomenon, according to a tweet. Senator Brown said it was time for the SEC and Congress to make the economy work for everyone… Read More

January 28, 2021 @ 11:22 am By JD Alois  |  

As was previously reported, Robinhood has restricted trading on Gamestop (NYSE:GME), AMC Entertainment (NYSE:AMC), and other securities being targeted by Reddit traders. The move was designed to quell the excessive volatility and rapid price rise in shares that have been targeted by hedge funds with… Read More

January 28, 2021 @ 9:47 am By JD Alois  |  

Robinhood, a top investment platform for the next generation, has restricted trading certain shares of firms that have been targeted by trading forums on Reddit. Members of certain forums like Wallstreetbets, with 4.5 million members, have targeted listed firms that are highly shorted by hedge… Read More

January 27, 2021 @ 11:30 am By Samantha Hurst  |  

  Vlad Tenev, the CEO of modern trading platform Robinhood, sat down with Andrew Ross Sorkin to discuss how he thinks markets will be affected post the COVID-19 pandemic. The discussion notably happened amid retail investors piling into equities at a rapid rate in the… Read More

January 20, 2021 @ 10:55 pm By Omar Faridi  |  

Robinhood, a digital investment platform that has encouraged a new generation of investors to enter the markets, notes that with millions of new investors or traders now joining Robinhood and investing for the first time, financial education has “never been more crucial.” As the company… Read More

January 4, 2021 @ 9:00 pm By JD Alois  |  

2020 was a pretty good year for initial public offerings (IPOs). According to a tally put together by Renaissance Capital, 216 IPOs booked $78.1 billion during the year of COVID-19. Additionally, IPOs gained, on average, a whopping 75% – said to be the biggest post… Read More

December 21, 2020 @ 8:45 pm By JD Alois  |  

Digital investment platform Robinhood has slashed its margin rate in half from 5% to 2.5%. The margin rate is the interest paid by account holders when they borrow against assets held in an account. Typically, a brokerage account holder is allowed to borrow up to… Read More

December 17, 2020 @ 9:12 am By JD Alois  |  

The same week that Robinhood took a broadside hit by the state of Massachusetts securities regulator, the digital investment platform has now been charged by the Securities and Exchange Commission (SEC) with misleading customers on how it generates revenue. Robinhood strategically settled the charges with… Read More

December 16, 2020 @ 8:29 am By JD Alois  |  

Robinhood, a digital investment platform that has encouraged a new generation of investors to enter the markets, is a target of an administrative complaint by the State of Massachusetts, according to the WSJ.com According to the report, Massachusetts Securities Division said that “Robinhood failed to… Read More

December 10, 2020 @ 7:43 am By Omar Faridi  |  

Robinhood, a popular trading app that has encouraged a new generation of investors to take part in equity trading, has reportedly hired giant Wall Street investment bank Goldman Sachs to lead the Fintech firm’s IPO. Robinhood Markets will be working with Goldman Sachs (NYSE:GS) in… Read More

November 14, 2020 @ 8:04 pm By Omar Faridi  |  

Estonia-based Fintech firm RAISON has acquired €125,000 in capital in order to add new features to its investment app. Tallinn-headquartered RAISON is focused on creating a mobile application for investments in private firms. The Fintech company’s management confirmed that the recent investment was made by… Read More

October 16, 2020 @ 11:47 am By Omar Faridi  |  

Robinhood, a modern trading platform that offers both traditional securities as well as cryptocurrency trading options, has confirmed that a limited number of its customer accounts were targeted by cybercriminals. However, Robinhood clarified that its service platform itself was not compromised. Hackers reportedly managed to… Read More

September 23, 2020 @ 2:24 pm By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has reportedly secured $660 million in total through its Series G funding round. The platform revealed it raised $200 million through the round last month, with D1 Capital Partners leading the… Read More

September 3, 2020 @ 10:12 am By JD Alois  |  

Robinhood, a trading app that has encouraged a new generation of investors to participate in equity trading, may have to pay a fine due to undisclosed deals it had with outside firms, according to a report. First reported by WSJ.com, Robinhood had been selling client… Read More

August 17, 2020 @ 3:28 pm By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, announced on Monday it raised $200 million through its Series G funding round, bringing the company’s valuation to $11.2 billion. The investment was led by D1 Capital Partners. Founded in 2013,… Read More

August 12, 2020 @ 4:16 pm By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has quietly turned off its stock popularity data feature. The feature allowed anyone to see which companies’ shares were surging in popularity by the masses of traders. Robinhood has been credited,… Read More

July 21, 2020 @ 8:18 am By Samantha Hurst  |  

Robinhood, a modern trading platform that offers both traditional securities as well as crypto, has made the tough decision to postpone its UK launch indefinitely. The company announced the unfortunate news in an email on Tuesday, which reportedly read: Hi there,   We’re saddened to… Read More

July 13, 2020 @ 2:25 pm By Samantha Hurst  |  

U.S. fintech Robinhood has reportedly secured an additional $320 million in funding through its Series F investment round. Robinhood previously announced it raised $280 million through the round, which was led by Sequoia Capital.  Founded in 2013, Robinhood is on a mission is to democratize… Read More

July 5, 2020 @ 12:55 pm By Omar Faridi  |  

  The global Fintech industry is being transformed by the COVID-19 outbreak and resulting socio-economic problems and challenges, according to a recent report from CB Insights. As mentioned in the report, the first quarter of this year was quite difficult for the financial services sector… Read More