Robinhood reveals new investigation hours before its IPO
CNN
Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street's powerful self-regulator, the online trading platform announced Tuesday.
News of the probe comes more than five months after CNN Business reported that Tenev, the public face of Robinhood, is not registered with FINRA, short for the Financial Industry Regulatory Authority. That's despite the fact that he presides over one of the nation's largest and most powerful online brokerages. It also comes on the eve of a blockbuster initial public offering that could value Robinhood at $35 billion.
Republicans on the House Ethics Committee fell in line behind GOP leaders and voted not to release the results of their investigation into Donald Trump’s attorney general pick, Matt Gaetz, despite growing calls from the Senate GOP to make the findings public ahead of his confirmation hearing.
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A former University of Virginia student pleaded guilty Wednesday to fatally shooting three football players and wounding two other students on the Charlottesville campus in 2022.
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