Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
markets policy

Robinhood CEO Tenev Faces Grilling at Congressional Hearing

By
Ross Matican
· · Source: The Information

Lawmakers lined up to blast Robinhood CEO Vladimir Tenev at a financial services committee hearing on Thursday for the stock trading app’s decision to restrict trading in meme stocks like GameStop last month during a frenzied rally. Robinhood said at the time it had to restrict trading to deal with regulatory capital requirements. It subsequently raised $3.4 billion in fresh funds. But its move...

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