Robinhood reveals breakneck growth, legal pitfalls in IPO filing

Jul 1, 2021 · Robinhood Markets Inc on Thursday set the stage for its hotly anticipated IPO as it revealed rapid growth in users of its trading app in a filing, while also flagging a swathe of …

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EXPLAINER-The Regulatory And Legal Headwinds Facing Robinhood …

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Jul 2, 2021 · L2N2OC1P1 While those penalties are small by Wall Street standards, Robinhood's legal expenses are growing fast, jumping from $1.4 million in 2019 to $105 million last year, …

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FAQs about Robinhood reveals breakneck growth, legal pitfalls in IPO filing Coupon?

Will Robinhood Markets IPO?

July 1 (Reuters) - Robinhood Markets Inc on Thursday set the stage for its hotly anticipated IPO as it revealed rapid growth in users of its trading app in a filing, while also flagging a swathe of investigations by prosecutors and regulators. ...

Did Robinhood get subpoenaed?

Robinhood and CEO Tenev have been subpoenaed and received requests for information from several government bodies, including the U.S. Justice Department and the U.S. Securities and Exchange Commission, according to the filing. ...

Is Robinhood a good investment?

Arguably the breakout financial technology startup of its generation, Robinhood has captured the imagination of Silicon Valley's biggest investors, who have poured billions of dollars into the company. It challenges age-old rules around investing by dismissing the role of financial advisers. ...

How much money has Robinhood raised?

Robinhood has raised over $5.5 billion from investors since its launch, including Ribbit Capital, ICONIQ, Andreessen Horowitz, Sequoia Capital, Index Ventures and New Enterprise Associates. ...

Did a search warrant find Robinhood co-founder Vlad Tenev's cell phone?

A probe by the U.S. attorney's office in California even resulted in a search warrant for Robinhood co-founder and CEO Vlad Tenev's cell phone, the IPO filing shows. A spokesperson for the U.S. Attorney's Office in Northern California declined to comment. ...

How many people trade cryptocurrency on Robinhood?

More than 9.5 million customers traded about $88 billion of cryptocurrency on Robinhood's platform during the same period. Founded in 2013 by Stanford University roommates Tenev and Baiju Bhatt, Robinhood's trading app has made it easier for the masses to trade securities and electrified a generation of retail traders. ...