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.President Joe Biden is expected to announce an executive order as early as Tuesday that would effectively shut down the US-Mexico border to asylum-seekers crossing illegally when a daily threshold of crossings is exceeded – a sweeping and controversial proposal that is likely to receive fierce pushback from progressives and immigration advocates.
In the days and weeks leading up Hunter Biden’s trial on felony gun charges, President Joe Biden made little attempt to distance himself from his son. Instead, Hunter Biden was seen at the White House and in Delaware at his father’s side amid what the president’s allies acknowledge is a difficult moment for both men.