Robinhood could lose main revenue stream as SEC ponders ban for payment for order flow
By removing payment for order flow, markets benefit from more efficient, transparent trading, according to SEC Chairman Gary Gensler.
Latest Robinhood News
Robinhood shifts focus to digital assets as it plans ‘bulletproof’ wallet
The announcement came as part of its Q2 earnings report, which saw the company report significant losses from the most recent quarter—despite an uptick in digital currency trading through the platform.
Robinhood completes $140M acquisition in first deal post IPO
The all-cash deal points to a direction of travel for Robinhood towards investing in technologies and companies in and around the brokerage and corporate sectors.
The Robinhood ($HOOD) IPO on Nasdaq
Robinhood, the US-based financial services provider, has gone public on the Nasdaq stock exchange under ticker-symbol $HOOD.
Robinhood Crypto to pay NY regulator $15M fine in anti-money laundering probe
In a regulatory filing with the U.S. Securities and Exchange Commission, the company revealed it’s facing the penalties over issues related primarily to anti-money laundering and cybersecurity.
Robinhood restricts access to digital currency
Robinhood has restricted user access to digital currency trading on its platform–this move comes after Dogecoin pumped 800%.
‘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.
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.