Does Robinhood really democratize finance?

Robinhood is scheduled to price its shares today before it starts trading tomorrow. And yesterday revealed a new investigation: Financial industry self-regulators are investigating to see if founders Vlad Tenev and Baiju Bhatt should register with them. The current co-founder is not

Is this a big deal? maybe i don't know I don't work at the โปรโมชั่น slotxo Financial Industry Regulatory Authority (FINRA), an organization that you might recognize from the historic fines that were adjusted against Robinhood — $70 million — for outages that occurred in March 2020 (approx. $12)

Millions go to the injured, and others go to FINRA because that's Wall Street darling.) I'm a little less concerned with FINRA's investigations with regard to this disclosure: Robinhood's prospectus. revised edition

The prospectus is a document that investors are advised to read before deciding to fund their IPO. It's very long. If you want to find the exact disclosure, I recommend CTRL+f (or CMD+f) for “On July 26th. 2021”

Now, I feel like Robinhood expects retail investors to not read the prospectus.