CNN: Elizabeth Warren to FINRA: Why isn’t Robinhood’s CEO licensed by FINRA?
Senator Elizabeth Warren is pushing for answers from Wall Street’s self-regulator over the Robinhood fiasco.
Among other concerns, Warren calls out that, as CNN Business first reported, Robinhood CEO Vlad Tenev does not have a license from the Financial Industry Regulatory Authority.
In a letter to FINRA, Warren asks the regulator to describe what determines whether individuals must be registered, what the registration requirements are for executives at broker-dealers and whether it’s “unusual” that the head of a broker-dealer is not registered.
Read the full article here.
By: Matt Egan, Brian Fung and Clare Duffy
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