February 18, 2021

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
Source: CNN