The Armchair Trader: Robinhood – Bad News for Investors as SEC and PayPal Turn up the Heat

“In 2015 when entrepreneurs Baiju Bhatt and Bladimir Tenev launched a trading platform aimed at providing equitable access to the stock market by eliminating costly trading fees, they dubbed their venture Robinhood Markets (Nasdaq: HOOD) in a nod to the legendary literary figure Robin Hood and his efforts to reduce the disparities between the wealthy and the poor. But it seems that the parallels to the literary outlaw do not end there —a fact that has many Robinhood investors questioning the stock’s long-term prospects.” David Arslanian comments in The Armchair Trader.