New York (CNN Business)United States senators are requiring regulators to examine whether Robinhood misguided clients in introducing its brand-new financial investment accounts.
But after the statement, the Securities Investor Protection Corporation, a market not-for-profit, stated the item may not be guaranteed . Robinhood has actually given that rotated to calling the service a “money management program.”
“We are worried that rebranding Robinhood’s initial statement to money management might just be a method to prevent regulative analysis without providing complete openness to its consumers,” 7 Democratic and republican legislators stated in a letter dated Thursday.