Robinhood’s Crypto Unit Hires New Chief Compliance Officer From Grayscale

The cryptocurrency unit of popular trading platform Robinhood Markets Inc. has hired a new chief compliance officer, a move that comes as the company faces regulatory scrutiny. Benjamin Melnicki joined Robinhood Crypto LLC this week, a Robinhood spokesman said. Mr. Melnicki was most recently chief compliance officer ...Read More

SEC chief readies ‘woke’ rules and plan to curtail market’s ‘gamification’

Securities and Exchange Commission Chairman Gary Gensler unveiled an ambitious list of proposed reforms Friday including guidelines for “woke” corporate disclosures and rules to curtail the “gamification” of Wall Street as he embarks on his tenure as Wall Street’s top cop. The SEC’s “Agency Rule List” released today includes ...Read More

Massachusetts regulators are seeking to revoke Robinhood’s broker license just as the trading app aims to go public

Massachusetts regulators are seeking to revoke Robinhood’s broker-dealer license to prevent the trading app’s operations in the state. William Galvin, the Secretary of the Commonwealth of Massachusetts, wrote in a Thursday filing Robinhood has “continued a pattern of aggressively inducing and enticing trading among ...Read More