Robinhood Financial is facing an investigation over CEO Vlad Tenev’s failure to register with the Financial Industry Regulatory Authority, one of Wall Street’s top regulators, the online broker disclosed Tuesday in regulatory filings. The firm said it received an “investigative request” from FINRA on Monday. In question is Robinhood’s compliance with “FINRA registration requirements,” particularly the status of Tenev and his co-founder, Baiju Bhatt. FINRA wants documents and information, Robinhood said. “Robinhood is evaluating this matter and intends to cooperate with the investigation,” the firm said in the documents. jwplayer(“jw-video-gcaWlUHv”).setup({playlist:”https://cdn.jwplayer.com/v2/media/gcaWlUHv”})…
Robinhood Under Investigation for FINRA Registration Violation
