Robinhood Under Investigation for Finra Registration Violation
CEO Vlad Tenev isn’t registered with Finra, new documents show.
The New York-based investment manager invests heavily in crypto and blockchain companies.
Shares of the popular zero-commission trading app opened down as much as 10% on Thursday before closing the day down 8.4%.
Regulatory fears have been a major headwind for Robinhood's IPO. Here's why authorities might crack down.
The company prices its offering at $38 per share.
The feature was discovered in the code for a beta test version of Robinhood’s iPhone app.