Trouble In The HOOD
Foot Guns Free Pod: Robinhood ecosystem is riddled with foot guns
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:
Read the Robinhood S-1 here: https://www.sec.gov/Archives/edgar/data/1783879/000162828021013318/robinhoods-1.htm#ib5a32e8afc3b422193a2f2891a49e0c9_1321