Tagged: robinhood

July 29, 2021 @ 5:07 pm By JD Alois  |  

In one of the most anticipated Fintech initial public offerings (IPOs) of the year, Robinhood debuted on the Nasdaq today under the ticker “HOOD” in an offering priced at $38 a share. The share price came in at the low-end of the anticipated range. During… Read More

July 28, 2021 @ 9:33 pm By JD Alois  |  

Robinhood has priced its initial public offering (IPO) of 55,000,000 shares of its Class A common stock at $38.00 per share. It was previously reported that Robinhood would float its shares at up to $42 each. Robinhood said a registration statement was declared effective by… Read More

July 19, 2021 @ 2:46 pm By JD Alois  |  

Robinhood’s initial public offering (IPO) is nearing as it fine-tunes its registration statement for the Securities and Exchange Commission. As was reported earlier today, more details on the IPO were shared in an updated S-1 posted today. Robinhood is expected to float its shares on… Read More

July 19, 2021 @ 9:38 am By JD Alois  |  

Robinhood, a fast-growing digital trading platform for both traditional securities as well as crypto, has filed an updated S-1 with the Securities and Exchange Commission (SEC) in advance of its forthcoming initial public offering (IPO). According to the document, Robinhood aims to raise up to… Read More

July 1, 2021 @ 2:11 pm By JD Alois  |  

As has been long anticipated, Robinhood Markets, Inc. has publicly filed a Form S-1 with the Securities and Exchange Commission (SEC) in pursuit of an initial public offering (IPO). Robinhood expects to float its shares on the Nasdaq under the ticker symbol HOOD. Robinhood is… Read More

June 30, 2021 @ 11:40 am By JD Alois  |  

FINRA has ordered Robinhood to pay a record-breaking $70 million penalty for “systemic supervisory failures and significant harm suffered by millions of customers.” In settling with FINRA, Robinhood neither admitted nor denied the charges, but consented to the entry of FINRA’s findings. FINRA said in… Read More

May 30, 2021 @ 10:33 am By Omar Faridi  |  

Shruti Appiah, Senior Product Manager at IOHK, an organization focused on the ongoing development of Cardano (ADA) and various other initiatives, notes that when she logs into her stock trading apps to acquire exchange-traded funds (ETFs), she may face issues like the platform not being… Read More

May 9, 2021 @ 7:46 pm By Omar Faridi  |  

Ram Ahluwalia, CFA, Founder of PeerIQ and careful observer of the Fintech, Crypto, markets, and startups space, has posed what he claims to be “a $100 billion question” for Coinbase. So here’s the $100 Bn question for Coinbase…If digital currency ETFs are inevitable, consumers will… Read More

May 6, 2021 @ 6:30 pm By JD Alois  |  

Today was the 3rd, and perhaps final, hearing held by the House Committee on Financial Services regarding the GameStop (NYSE:GME) sage regarding short selling by traders chatting on Reddit. As most people are aware, investors on subreddits like Wallstreetbets, combined to drive the value of… Read More

April 29, 2021 @ 3:17 pm By Omar Faridi  |  

Leading digital investment platform Robinhood is facing numerous lawsuits from clients. The Fintech firm’s clients have been complaining about the lengthy delays when it comes to resolving their account issues. These problems have led to many users being unable to access their funds for months,… Read More

April 22, 2021 @ 12:43 pm By JD Alois  |  

Digital investment platform Robinhood has selected Christine Brown to lead Robinhood Crypto as Chief Operating Officer, according to a statement by the company. Brown is expected to oversee all of Robinhood’s crypto operations and compliance. Currently an employee at Robinhood, Brown is expected to keep… Read More

April 18, 2021 @ 12:47 pm By Omar Faridi  |  

The craze around virtual tokens recently led to DogeCoin or DOGE (had started off as a joke coin and still to a great extent) putting Robinhood Markets‘ trading system under great pressure due to excessive activity. Robinhood‘s management confirmed: “On Friday morning, we saw a… Read More

April 15, 2021 @ 4:55 pm By JD Alois  |  

In a blog post today, Robinhood responded to an attempt by the State of Massachusetts Securities Division to revoke Robinhood’s broker-dealer license in the state thus blocking its ability to operate. Robinhood said they have filed in Massachusetts State Court a complaint and motion for… Read More

March 23, 2021 @ 6:43 pm By JD Alois  |  

Robinhood, a digital investment platform, has filed a draft registration statement with the Securities and Exchange Commission (SEC). The S-1 has been filed confidentially and will only become visible once the document has been approved by the SEC. Earlier this month, it was reported that… Read More

March 21, 2021 @ 2:58 pm By JD Alois  |  

This past week, the House Committee on Financial Services held part two of three anticipated hearings on the GameStop/Reddit/Robinhood saga. As most people are aware, in recent months a short-squeeze caused shares in GameStop (NYSE:GME) to jump dramatically higher compelling short sellers to purchase shares… Read More

March 15, 2021 @ 5:46 pm By JD Alois  |  

As previously reported, the House Committee on Financial Services will host part two of the hearing tackling the GameStop/Robinhood/Reddit trading phenomenon tomorrow. “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II” will be live-streamed on the Committee’s… Read More

March 9, 2021 @ 8:54 am By JD Alois  |  

The Senate Banking Committee will hold a hearing today on the GameStop/Reddit/Robinhood saga entitled; “Who Wins on Wall Street? GameStop, Robinhood, and the State of Retail Investing.” The hearing is scheduled to commence at 10AM. The hearing will review the concerted effort by individuals chatting on… Read More

March 8, 2021 @ 10:09 am By JD Alois  |  

Robinhood, a digital investment platform that is heavy on social engagement, has been battered by its use of the practice of payment for order flow. This is where the trading platform sells the ability for dealers to route trades in their direction. Because Robinhood offers… Read More

March 5, 2021 @ 4:00 pm By JD Alois  |  

Robinhood, a digital trading platform that has emerged as a popular venue for younger investors, is expected to pursue an initial public offering (IPO) listing shares on the NASDAQ, according to CNBC. It was reported last month that Robinhood may become a public company as… Read More

March 3, 2021 @ 9:03 am By Omar Faridi  |  

Peer to peer business lender ArchOver notes that it’s “wonderfully ironic” when Michael Burry, who had been played by actor Christian Bale in the Big Short, tells us that the GameStop antics are “unnatural, insane and dangerous.” Bale also noted that there must be “legal… Read More