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Robinhood reveals new investigation on the eve of its blockbuster IPO Robinhood reveals new investigation on the eve of its blockbuster IPO Posted: Jul 27, 2021 8:01 PM Updated: Jul 27, 2021 8:01 PM Posted By: By Matt Egan, CNN Business Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street s powerful self-regulator, the online trading platform announced Tuesday. News of the probe comes more than five months after CNN Business reported that Tenev, the public face of Robinhood, is not registered with FINRA, short for the Financial Industry Regulatory Authority. That s despite the fact that he presides over one of the nation s largest and most powerful online brokerages. ....
Robinhood reveals new regulatory probes on the eve of its blockbuster IPO kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.
FINRA stands for the Financial Industry Regulatory Authority. This tends to be the first line of defense against a bad experience with a securities broker, and it also has many other benefits. FINRA is an independent nongovernmental organization that focuses on the root of problems, securities sold to investors, and selling them to investors. It is the single largest independent regulatory body for securities firms operating in the United States. It writes and enforces the rules governing broker-dealer and registered brokers firms in the United States. The agency oversees about 4,200 brokerage firms, 162,000 branch offices, and 629,000 registered securities representatives. This organization monitors the products and services each of them offers, thereby safeguarding investors and the public s interests in general against fraud and bad practices. ....
Robinhood’s CEO is not licensed by a powerful Wall Street regulator Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the nation’s largest and most powerful online brokers. Tenev has emerged as the public face of Robinhood as the startup has come under fire for its decision, on one of the market’s most volatile days, to suspend buying of GameStop, AMC and other stocks boosted by an army of traders on Reddit. Last week, Robinhood says it was blindsided by surging capital requirements from its clearinghouse. To meet those requirements, the app announced that it had raised $3.4 billion within four days to fund its explosive growth. ....
Counselor, planner or coach? How to find the right financial professional for you CNBC 12/10/2020 Personal finance experts go by many names – coaches, advisors, planners, therapists and more. For some, these names signal different types of education and regulatory oversight. For others, they may just be a brand, making it important for people seeking financial help to know the difference. The demand and the number of people that are providing personal financial advice has just skyrocketed, as has the number of designations and certifications that exist out there, said Martin Seay, a certified financial planner and president of the Financial Planning Association. ....