Tenev: SEC fine was for order flow disclosures, not gamification
Vlad Tenev · E22: Robinhood CEO Vlad Tenev breaks down the GameStop situation · Feb 13, 2021 · at 12:05
Vlad Tenev, CEO of Robinhood, clarifies the regulatory grounds behind Robinhood's late 2020 SEC settlement in response to Chamath Palihapitiya.
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“Yeah, well, so the fine wasn't for gamifying Robin Hood. It was for Payment for order flow and business model related related things. The gamification one is the Massachusetts securities securities one, which is a separate thing.”
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