Robinhood, Part II: Due Diligence Fails

robinhood

Today I want to return to FINRA’s enforcement action against Robinhood, that online stock trading app with the terrible track record at customer due diligence and risk profiling. Even though the case involves the somewhat rarified compliance rules for broker-dealer firms, there’s a lot here that speaks to technology and due diligence challenges overall. Robinhood,…

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