Tag: Robinhood

Robinhood
March 24, 2021 BY Steffy Bogdanova

Trading app Robinhood files for IPO

The trading app increased its popularity among young people during the lockdowns in the coronavirus pandemic with its zero-commission business model playing a significant role. The gained popularity of the venue also brought regulatory scrutiny and public-relations problems at the beginning of the year. Robinhood found itself in the eye of the storm during the…

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Forex Weekly Look Back
March 19, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: eToro confirms $10.4 billion SPAC merger, SIX reports 22% rise in operating income

White label technology provider and consulting firm, Qinox Tech, has just announced that the company upgraded its global currency rates data service through a service agreement with OANDA, an FCA-regulated international broker and data provider. According to the partnership agreement, Qinox Tech will provide currency solutions from OANDA. White-label brokers and other service buyers using Qinox Tech’s…

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Forex Weekly Look Back
January 29, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Robinhood to restore GameStop trading, Brokeree integrates Liquidity Bridge with Ausprime

Germany’s Federal Financial Supervisory Authority (BaFin) filed criminal complaint on Thusrday against one of its employees for suspected insider trading in payments company Wirecard. BaFin said that the employee of the securities supervision department sold structured products based on Wirecard on 17 June 2020. The date is one day before Wirecard’s auditor EY found that 1.9…

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SquaredFinancial offers retail traders unrestricted access to GameStop
January 29, 2021 BY Steffy Bogdanova

Robinhood poised to restart trading after GameStop backlash

Robinhood stated on Thrusday: We made a tough decision today to temporarily limit buying for certain securities. As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearing house deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. Robinhood…

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SEC
December 18, 2020 BY Steffy Bogdanova

Robinhood to pay $65 million to settle charges with SEC for misleading customers

Stephanie Avakian, Director of the SEC’s Enforcement Division, commented: Robinhood provided misleading information to customers about the true costs of choosing to trade with the firm. Brokerage firms cannot mislead customers about order execution quality. Joseph Sansone, Chief of the SEC Enforcement Division’s Market Abuse Unit, added: Robinhood failed to seek to obtain the best…

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Robinhood
December 09, 2020 BY Steffy Bogdanova

Robinhood picks Goldman Sachs for $20 billion IPO

According to PitchBook data, US-based crypto trading platform has raised a little more than $2 billion from private investors. Robinhood was backed by venture capital investors such as Andreessen Horowitz, Sequoia and Ribbit Capital, as well as celebrities including rapper Snoop Dogg and actor Jared Leto. Robinhood was founded in 2013 by Baiju Bhatt and…

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December 23, 2019 BY Mariela Naydenova

FINRA fines Robinhood with $1.25m for dubious execution processes

FINRA has recently fined Robinhood with a $1.25 million for execution lapse processes. The California-based unicorn that offers commission-free trading servings to its clients has reportedly violated certain execution processes. What FINRA found out is that the execution price on the app was not updated in the proper way, an act that caused price disruptions…

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August 09, 2019 BY Mariela Naydenova

Robinhood enters the United Kingdom with a new license

The crypto "unicorn" Robinhood is breaking a new ground when it comes to expansion and market penetration. The cryptocurrency trading app is now entering the European market with acquiring a license to operate in the United Kingdom. The FCA has granted a license to the company's subsidiary called Robinhood International to act as a broker…

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