Robinhood allowing users to access IPO a ‘clever idea’: Ex-SEC chairman
Former SEC chairman Harvey Pitt on Robinhood reportedly allowing retail investors to access its IPO, the boom in SPACs, and cracking down on Chinese companies.
Ice Cube has filed a lawsuit against the Robinhood trading app over a photo of the rapper that the app included in its "Robinhood Snacks" newsletter on March 8.
The photo shows Ice Cube in the 2007 comedy film "Are We Done Yet," with the caption, "Correct yourself, before you wreck yourself" — a reference to the California-born rapper's 1992 song, "Check Yo Self."
Ice Cube's attorneys, Michael A. Taitelman and Sean M. Hardy, berate Robinhood in the complaint, calling the app "an unscrupulous and predatory conglomerate that professes to be a financial services company for the everyday person"; "a wolf in sheep’s clothing"; and "another get-rich-quick scheme."