Sheriff of Boston-ham Wants To String Up Robinhood
This time, though, it’s for taking money from the poor.
Pikawil from Laval, Canada / CC BY-SA (https://creativecommons.org/licenses/by-sa/2.0)
A few years ago, crowd-sourced quantitative trading looked like the future of finance. Even Steve Cohen thought so, or at least was willing to take a quarter-billion dollar flyer on the possibility in the form of an open-source algorithm-sharing platform called Quantopian. Alas, it never really took off, and shortly thereafter, the real future of finance appeared. And so as Steve Cohen moves on, so too have the Quantopians, joining the uh, maybe not entirely unstoppable force of Robinhood.
The Quantopian team is joining Robinhood to continue to pursue our passion for opening access to markets and democratizing the financial system…. While the Quantopian community and related services will be retired on November 14th, our passion and dedication to demystifying investing and finance will live on as we bring everything we learned and built to our new roles at Robinhood.
Tempora mutantur, nos et mutamur in illis. Ad infinitum.
This time, though, it’s for taking money from the poor.
Because Robinhood’s gotta plead ignorance (and probably a $10 million-plus settlement) on this one.
GME is back on Robinhood. But so are the SEC and class-action lawyers.
Call it the Coinbase model of doing business.
It’s not you, England (read: Brexit). It’s us (read: glitches, etc.).
FINRA can always be counted on to offer a relative bright spot in a legal and regulatory hellscape.
Steve Cohen wants everyone to “chile” out.
Massachusetts has some problems with the Millennial trading-game app.
Like another company going public via SPAC giving you access to the IPOs it’s choosing to shun.