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Canada's Answer to Robinhood Warns Traders But Won't Halt Stocks - Vimarsana News

Canada's Answer to Robinhood Warns Traders But Won't Halt Stocks

Kevin Orland, Bloomberg News Mike Katchen, chief executive officer of Wealthsimple Inc., speaks during an interview in Toronto, Ontario, Canada, on Wednesday, Aug. 14, 2019. Within five years, Wealthsimple has attracted 150,000 customers in Canada, the U.S. and U.K., and now manages more than C$4.5 billion ($3.4 billion). , Bloomberg (Bloomberg) -- Wealthsimple Inc., a commission-free Canadian online brokerage with more than 350,000 clients, is warning traders about the risks of investing in certain highly speculative stocks, but isnâ...

Wealthsimple CEO sounds alarm on investors 'who don't know what they're doing' - Vimarsana News

Wealthsimple CEO sounds alarm on investors 'who don't know what they're doing'

Wealthsimple CEO warns on 'very bad outcomes' amid Reddit frenzy Ian Vandaelle, BNN Bloomberg VIDEO SIGN OUT The head of Canadian online trading platform Wealthsimple Financial Inc. said there's no plans to curb or throttle investors' ability to trade in certain securities.  In a television interview, Wealthsimple Co-Founder and Chief Executive Officer Mike Katchen said the Canadian platform will do what it can to make users aware of the risks of certain volatile securities, but won’t bar clients from making trades. “We see our role as really providing a safe and rel...