Tag: Tenev

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Article: Exposing The Robinhood Scam: Here’s How Much Citadel Paid To Robinhood To Buy Your Orders

Article - Media

Exposing The Robinhood Scam: Here’s How Much Citadel Paid To Robinhood To Buy Your Orders

Tyler Durden, Zero Hedge, 14 February 2021

Frankly, we’ve had it with the constant stream of lies from Robinhood and neverending bullshit from the company’s CEO, Vlad Tenev.

With Tenev scheduled to testify on Thursday, alongside the CEOs of Citadel, Melvin Capital and Reddit, the apriori mea culpas have started to emerge – if a little too late – the former HFT trader spoke late on Friday on the All-In Podcast hosted by Chamath Palihapitiya, who had strongly criticized Robinhood over the trading restrictions, and Jason Calacanis, a Robinhood investor, and said that “no doubt we could have communicated this a little bit better to customers.”

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Article: Government agencies probe GameStop pump over potential illegal manipulation

Article - Media, Publications

Government agencies probe GameStop pump over potential illegal manipulation

DUNCAN RILEY, 11 February 2021

U.S. government agencies have launched federal investigations into whether the social-media-driven activity around GameStop Corp.’s share price rise in January constituted illegal market manipulation.

According to a report today in The Wall Street Journal, both the U.S. Department of Justice and the Commodity Futures Trading Commission are formally investigating the pump of GME stock, and the Securities and Exchange Commission is also reviewing the matter.

The investigation by the justice department is being led by the department’s fraud section and the San Francisco U.S. attorney’s office who have sought information about the security activity from brokers and social media companies that were at the center of the trading frenzy. Subpoenas are said to have been issued for information to brokers including Robinhood Markets Inc. that was widely used by those buying up GameStop and other shares such as AMC Entertainment Holdings Inc. Continue reading “Article: Government agencies probe GameStop pump over potential illegal manipulation”

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Subject: Vlad Tenev

Subject of Interest

Vlad Tenev is the co-founder and CEO of Robinhood. A first-generation immigrant from Bulgaria, Tenev earned his B.S. in Mathematics at Stanford University before starting two finance companies in New York City, selling trading software to hedge funds. In 2013, Tenev and longtime friend Baiju Bhatt co-founded Robinhood, a zero-commission brokerage dedicated to democratizing the finance system. The company has millions of users across the country and is currently valued at $8.6 billion.

Continue reading “Subject: Vlad Tenev”

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