Tagged: robinhood

April 6, 2023 @ 5:37 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the group that represents all state securities regulators plus provinces in Canada and states in Mexico, has announced a penalty of $10 million assessed on Robinhood (NASDAQ:HOOD). Under the terms of the settlement, Robinhood neither admits nor denies… Read More

March 17, 2023 @ 9:03 am By Omar Faridi  |  

Robinhood Inc (NASDAQ:HOOD) has reportedly decided to make an exception to its short position ban for customers who had placed winning “puts” against failed lender Signature Bank (Nasdaq: SBNY), the FT revealed on Thursday (March 16, 2023). Put options are essentially contracts that provide a… Read More

February 27, 2023 @ 10:53 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) received a subpoena from the Securities and Exchange Commission (SEC) this past December, according to the firm’s 10-K that was filed today. According to the document, the SEC’s request arrived following the collapse of FTX: “And in December 2022, shortly after FTX filed for… Read More

February 9, 2023 @ 10:53 am By JD Alois  |  

  Robinhood (NASDAQ:HOOD) revealed it has canceled the acquisition of Ziglu, a UK Fintech that opened the door to a new market. Ziglu holds an e-money license and is regulated by the UK Financial Conduct Authority. Ziglu provides crypto trading in the UK as well… Read More

February 9, 2023 @ 10:28 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) posted Q4 and full year 2022 results yesterday that delivered a net loss of $166 million, or an EPS of -$0.19, compared with net loss of $175 million, or EPS of -$0.20, in the third quarter of 2022. For the full year, Robinhood… Read More

January 12, 2023 @ 10:13 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), has announced the availability of its new retirement product. The new service was revealed last year, and the digital brokerage launched a waitlist with names now said to be over 1 million customers. Perhaps the most interesting aspect of the retirement product is the… Read More

December 7, 2022 @ 4:51 pm By JD Alois  |  

In a very difficult economic environment, Robinhood (NASDAQ:HOOD) has published select data points highlighting platform operations. According to the trading platform: Net Cumulative Funded Accounts (NCFA) at the end of November were 23.0 million, up approximately 40 thousand from October 2022. Monthly Active Users (MAU)… Read More

December 6, 2022 @ 8:52 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social investment platform that combines traditional and digital assets, has announced a new retirement offering. According to a blog post, Robinhood Retirement is available today via a waitlist that provides a 1% match minus an employer. In traditional retirement services provided via… Read More

November 3, 2022 @ 11:04 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) announced earnings yesterday that delivered a slightly better result than anticipated. Today, shares in Robinhood are inching higher – fighting a down market day – but minor gains belie a company that has lost around 2/3s of its value since its initial public… Read More

October 12, 2022 @ 4:51 pm By Omar Faridi  |  

Opportunity Crypto will stop in five different communities this fall, “educating individuals about cryptocurrency, including the risks and opportunities.” The team at Robinhood (NASDAQ:HOOD) asked if you ever wondered “what is crypto” or “is crypto right for me”? In line or consistent with their mission… Read More

September 22, 2022 @ 9:56 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social trading platform providing access to both traditional securities and crypto, is seeing a bump in its share price as chatter indicates that the practice of Payment for Order Flow – will remain in place. Robinhood promotes is a fee trading service… Read More

August 22, 2022 @ 5:25 pm By JD Alois  |  

Earlier this year, Robinhood (NASDAQ:HOOD) made a big announcement regarding expanding services across the Atlantic. The social investment platform announced the acquisition of Ziglu in the UK – an FCA-regulated e-Money platform and crypto asset provider. All subject to regulatory approval, of course. A few days… Read More

August 3, 2022 @ 4:39 pm By Omar Faridi  |  

Parafin, a Fintech firm that’s being led by ex- Robinhood Markets Inc. professionals, has acquired $60 million in funding as part of its second investment round. Established in 2020 by Ralph Furman, Sahill Poddar, and Vineet Goel, Parafin works cooperatively with firms like DoorDash Inc…. Read More

August 2, 2022 @ 5:28 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) released Q2 2022 financial results that delivered a sequential increase in net revenue of 6% or $318 million, but the slight improvement was not enough to please analysts as it was deemed a miss. Shares in Robinhood were trading at around $9… Read More

August 2, 2022 @ 1:17 pm By JD Alois  |  

The New York Department of Financial Services (DFS) has determined that Robinhood Crypto failed to maintain effective bank secrecy act (BSA) and anti-money laundering (AML) compliance in regards to reporting requirements. Adrienne A. Harris, Superintendent of Financial Services, said Robinhood Crypto will pay a $30… Read More

June 27, 2022 @ 4:02 pm By JD Alois  |  

Sam Bankman-Fried is acting once again to take advantage of significantly lower valuations in a struggling marketplace. Rumors claim that Bankman-Fried is looking to purchase Robinhood via his crypto exchange FTX. While no deal yet, the rumblings have caused shares in Robinhood (NASDAQ:HOOD) to rise… Read More

June 7, 2022 @ 9:05 am By JD Alois  |  

Ziglu, a UK-based e-Money institution and crypto platform, has announced a partnership with  ClearBank, a “cloud-based clearing bank.” ClearBank is regulated by the UK Financial Conduct Authority and the Prudential Regulation Authority. According to a company statement, Ziglu will be utilizing ClearBank’s platform to provide… Read More

May 12, 2022 @ 9:02 pm By JD Alois  |  

Sam Bankman-Fried, founder and CEO of FTX, has purchased a 7.62% stake, or 56,273,469 shares in Robinhood (NASDAQ:HOOD). Bankman-Fried paid $648,293,886.33 for the shares. The share were purchased at an average price of $11.52/each. The purchase was revealed in a filing with the Securities and… Read More

May 5, 2022 @ 7:04 pm By JD Alois  |  

This is interesting. Robinhood (NASDAQ:HOOD) announced this week that its account holders will now enable “Stock Lending.” To quote Steve Quirk, Chief Brokerage Officer at Robinhood: “Our version of Stock Lending empowers customers to put their investments to work while keeping it simple. Robinhood does… Read More

April 29, 2022 @ 10:39 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) reported earnings this week and they were dismal. Besides negative numbers on both the top and bottom lines, Robinhood reported that Monthly Active Users (MAUs) dropped by a whopping 10% going from 15.9 million in March 2022 from 17.7 million in March 2021…. Read More