{"id":10104,"date":"2021-08-05T15:33:49","date_gmt":"2021-08-05T19:33:49","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10104"},"modified":"2021-11-03T17:38:49","modified_gmt":"2021-11-03T21:38:49","slug":"finra-investigating-robinhood-founder-for-not-being-a-registered-broker","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-investigating-robinhood-founder-for-not-being-a-registered-broker\/","title":{"rendered":"FINRA Investigating Robinhood Founder For Not Being A Registered Broker"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9935 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg\" alt=\"Earlier this year, Silver Law Group wrote an article about the serious issues posed by Robinhood\u2019s founder not being a registered FINRA member and published an Expert Analysis on law360.com addressing the same issue. FINRA is investigating Robinhood over its CEO, Vlad Tenev\u2019s, failure to register as a broker with the Financial Industry Regulatory Authority, a self-regulatory organization responsible for overseeing the\u00ad\u00ad brokerage industry. Congress has authorized FINRA to protect investors by ensuring fair and honest dealing in the brokerage industry. One of the key ways FINRA accomplishes this is by overseeing more than 600,000 individual brokers across the country, who each must maintain a FINRA broker\u2019s license by undergoing strenuous application and continuing education requirements. However, Vlad Tenev, Robinhood\u2019s CEO, has never obtained FINRA registration. Requiring heads of firms like Robinhood to register with FINRA would increase accountability on Wall Street. This is especially important in light of Robinhood\u2019s recent initial public offering (NASDAQ: HOOD). The company currently has a market cap of just under $30 billion.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Earlier this year, Silver Law Group wrote an article about the serious issues posed by Robinhood\u2019s founder not being a <a href=\"https:\/\/www.silverlaw.com\/blog\/robinhood-ceo-not-registered-with-financial-industry-regulatory-authority-a-signal-of-larger-risks-to-main-street-investors-to-come\/\" target=\"_blank\">registered FINRA member<\/a> and published an <a href=\"https:\/\/www.law360.com\/articles\/1361704\/disparate-accountability-for-robinhood-platform-and-its-ceo\" target=\"_blank\">Expert Analysis on law360.com<\/a> addressing the same issue.<\/p>\n<p>FINRA is investigating Robinhood over its CEO, Vlad Tenev\u2019s, failure to register as a broker with the Financial Industry Regulatory Authority, a self-regulatory organization responsible for overseeing the\u00ad\u00ad brokerage industry. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-investigating-robinhood-founder-for-not-being-a-registered-broker\/#more-10104\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this year, Silver Law Group wrote an article about the serious issues posed by Robinhood\u2019s founder not being a registered FINRA member and published an Expert Analysis on law360.com addressing the same issue. FINRA is investigating Robinhood over its CEO, Vlad Tenev\u2019s, failure to register as a broker with the Financial Industry Regulatory Authority, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588],"tags":[],"class_list":["post-10104","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FINRA Investigating Robinhood Founder For Not Being Registered Broker<\/title>\n<meta name=\"description\" content=\"FINRA is investigating Robinhood over its CEO, Vlad Tenev\u2019s, failure to register as a broker with the Financial Industry Regulatory Authority.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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