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Robinhood S-1 IPO

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Re: Robinhood S-1 IPO

#311

Post by Chozenlaruso »

bern4444 wrote: post #200
s1artibartfast wrote: post #194

Earlier quoted context omitted.

Why wouldn't it be as long they follow the law in both jobs? It is like defense attorney becoming a prosecutor or an IRS employee becoming a tax advisor. The best person to give advice on a subject are those who have experience on both sides.

Its not a good idea to allow heads of massive institutions to just hop around right after their tenure is over. For one, it creates a negative incentive for the regulatory roles. Now people will seek to be head of the SEC just so they can score a specific job after. Incentives are misaligned. Lots of private sector companies (especially law firms) include non-compete clauses for similar reasons. They want to prevent…

As far as I know, non competes for lawyers are almost universally non enforceable, and some states have determined that lawyers can't even sign such an agreement as it violates legal code of ethics.

Re: Robinhood S-1 IPO

#312

Post by intuitionist »

tofuahdude wrote: post #13

Risk factors are lovely: We have been subject to regulatory investigations, actions and settlements and we expect to continue to be subject to such proceedings in the future, which could cause us to incur substantial costs or require us to change our business practices in a manner materially adverse to our business. We are involved in numerous litigation matters that are expensive and time-consuming, and, if resolved…

Just because they expect more regulatory slaps on the wrist doesn’t mean they won’t add back regulatory charges to their Adjusted EBITDA metric, lol.

Re: Robinhood S-1 IPO

#314

Post by lanbanger »

gpt5 wrote: post #287
mherdeg wrote: post #239

Robinhood closed my brokerage account after I did transferred out assets (via ACATS transfer, to get a signup bonus with another brokerage without realizing capital gains). A few months later I asked how to reopen the account, using the "reopen account" form in their app to generate a support ticket. Three weeks later they sent an email saying that my account was permanently closed and I should apply for a new accoun…

The fact that you are so determined to move back that you are dealing with this amount of shit, makes me want to invest in them.

Short...right?

Re: Robinhood S-1 IPO

#315

Post by staysaasy »

gberger wrote: post #75

The Chief Legal Officer, Daniel Gallagher, made $30M this year. It breaks down into $257k cash, $4.2M bonus and $25.5M in stocks and options. This is a far larger amount than any other executive. In 2011-2015, Daniel Gallagher was 1 of 5 Commissioners of the SEC (Securities and Exchange _Commission_), the highest role of the SEC, appointed by the US President. He was hired by Robinhood in May 2020, and his previous j…

That's a ton of cash, but I believe that this eye-watering number is based upon the fair-market value of equity _granted_ in a particular year. That is, other executives might actually have higher total compensation based upon vesting if they received grants (say) 18 months ago.

It's still a crazy ass number but maybe not crazy at the level of "this person is more important than the CEO."

Re: Robinhood S-1 IPO

#316

Post by option_greek »

mherdeg wrote: post #239

Robinhood closed my brokerage account after I did transferred out assets (via ACATS transfer, to get a signup bonus with another brokerage without realizing capital gains). A few months later I asked how to reopen the account, using the "reopen account" form in their app to generate a support ticket. Three weeks later they sent an email saying that my account was permanently closed and I should apply for a new accoun…

They are definitely on their way to reach Google level. Bullish!!!

Re: Robinhood S-1 IPO

#317

Post by gruez »

lanbanger wrote: post #314
gpt5 wrote: post #287

Earlier quoted context omitted.

The fact that you are so determined to move back that you are dealing with this amount of shit, makes me want to invest in them.

Short...right?

No, the parent poster is remarking how gp is willing to jump through so many hoops to reopen his robinhood account, that must mean people really like it. Therefore, its a good company to invest in.

Re: Robinhood S-1 IPO

#318

Post by gruez »

kasey_junk wrote: post #281
np_tedious wrote: post #280

Earlier quoted context omitted.

I don't know the exact situation with all of them, but at least Robinhood and WeBull both occurred due to reliance on Apex Clearinghouse

https://blog.robinhood.com/news/2018/10/9/introducing-cleari... Robinhood has been self clearing for years before the GME incident

Right, but that just means whatever problems that the clearinghouse was experiencing (they're not just doing it willy-nilly) is passed to robinhood directly.

Re: Robinhood S-1 IPO

#319

Post by amoorthy »

ditonal wrote: post #90
rburhum wrote: post #48

I understand that many give Robinhood crap because it is not "sophisticated enough" or because of the Gamestop fiasco. Although many startups like to claim that they are "democratizing [x]", I honestly believe they did it. I have many friends that never traded before, and after they got their Robinhood account they feel comfortable enough to do it often. Even myself, who used to only trade a couple of times a year, s…

Index funds democratized investing. Robinhood “democratized” the worst part of investing and exposed unsophisticated investors to the instruments they are most likely to underperform on. Individual stock picking is probably worse than indexes but fine, however the incentive to day trade or trade complex derivatives is almost certainly going to hurt people far more often than a Vanguard account. It’s not a coincidence…

This comment has a lot of merit. The expected value from day-trading or short-term investing by retail investors is likely negative. (I learned this during undergrad doing day trading for a few months and nearly losing my tuition. stupid).

The reality is unless you have an algo trading system or are a long-term investor you are going to lose on day trading in the long run. RH has done a great job of making trading easier for the masses; I'm not sure the net outcome is a good one.

Re: Robinhood S-1 IPO

#320

Post by gruez »

Judgmentality wrote: post #205
adabyron wrote: post #113

Earlier quoted context omitted.

M1, E-Trade, Trading 212, Interactive Brokers, TD Ameritrade/Schwab and WeBull halted options as well.[1] There are a few more I'm missing. I wasn't happy about it but I don't blame them. As much as people were talking about over 100% of GME shorted, I can't imagine how much margin on top of margin people were trading while there options had yet to be settled. If anything the issue should be how long it takes a trade…

> I wasn't happy about it but I don't blame them. What they did was illegal, so why not blame them? Robinhood is being investigated for it. Why not blame everyone that's guilty? https://www.vice.com/en/article/wx5p8z/feds-seized-robinhood...

> Robinhood is being investigated for it. Why not blame everyone that's guilty?

Because being investigated means you're guilty? I guess a fair and impartial trial is just red tape.

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