Trouble In The HOOD

Note Bene: This was recorded prior to the IPO. We certainly aren’t bullish on HOOD now either. This episode is also available on Spotify and many other platforms or if you want to add manually to your podcast app feed you can do that.

Robinhood prides itself on "democratizing" investing, but its recent record setting FINRA fine and lengthy customer complaints it tell another story. Where will the future of low fee crypto trading be that retail can actually trust?

Read the complaint here: https://www.finra.org/sites/default/files/2021-06/robinhood-financial-awc-063021.pdf

Read the FT journalist tweet highlights here:

Philip Stafford @staffordphilip

Wait, what? An new messaging protocol put into a live environment without testing by the parent company, during a markets meltdown?

Read the Robinhood S-1 here: https://www.sec.gov/Archives/edgar/data/1783879/000162828021013318/robinhoods-1.htm#ib5a32e8afc3b422193a2f2891a49e0c9_1321

14h