‘Repeated misstatements’ land Robinhood in hot water with US regulators
Robinhood is facing legal action from regulators in the United States, following accusations it has been marketing aggressively to inexperienced traders.
Latest Robinhood News
Robinhood hires Goldman Sachs to lead $20B IPO: report
Digital currency-friendly stock trading platform Robinhood Markets Inc. has reportedly hired Goldman Sachs to lead its upcoming IPO.
Robinhood seeking to hold an IPO in Q1 2021: report
The report claims that the stock and digital currency trading app has asked banks to pitch for roles in the IPO.
Robinhood raises $660M, pushes valuation to $12B
Robinhood is now valued at $11.7 billion and has been reported to be planning an initial public offering this year.
US regulator investigates Robinhood over disclosure errors
The app-based platform is alleged to have failed in its duty to disclose the information, with its ‘How We Make Money’ page silent on sales of its order flow.
Robinhood raises $280M in Series F funding round
The funding round was led by existing investor Sequoia Capital, in partnership with both existing and new investors.
Robinhood asks investors for $250M after March outages
Since the middle of March, Robinhood has been engaged in compensating users affected by the problems.
Digital currency-friendly Revolut launches in the US
Digital banking platform Revolut has launched in the U.S, five years after it launched in Europe. The platform supports easy buying of digital currencies.
Huobi launches zero-fee mobile app targeting Asian market
Huobi has launched a mobile app that targets the Southeast Asian market, allowing users to purchase digital currencies from their phones for zero fees
Crypto-friendly Revolut secures $500M in latest funding round
The digital banking platform, which allows its users to easily purchase crypto, is now valued at $5.5B, making it the U.K.’s most valuable fintech startup.
Robinhood settles with FINRA for equity order routing failures
The investment app reportedly failed to ensure customer orders were executed on the best available terms when routing orders through its broker-dealer partners.
Robinhood pulls back on plans to secure a banking charter in the US
Stock and cryptocurrency trading platform Robinhood has come to realize that its goals may have extended well beyond its reach.