14 votes

SIPC says it has serious concerns about Robinhood's new product

2 comments

  1. rkcr
    Link
    This is a follow-up from yesterday's post about Robinhood's 3% checking/savings accounts. It looks like rez's concerns about SIPC insurance were well-founded.

    This is a follow-up from yesterday's post about Robinhood's 3% checking/savings accounts. It looks like rez's concerns about SIPC insurance were well-founded.

    8 votes
  2. Deimos
    Link
    Here's Matt Levine's thoughts about this, at the beginning of his newsletter today: Robinhood Checking Moved Fast and Broke

    Here's Matt Levine's thoughts about this, at the beginning of his newsletter today: Robinhood Checking Moved Fast and Broke

    3 votes