Finance Monthly - November 2021 Edition

Robinhood CEO Vlad Tenev recently published an OpEd in the Wall Street Journal entitled “Robinhood Users Come Under Attack” in which he questions the motivations of critics and regulators who are looking into issues like payment for order flow and gamified design while never actually answering any of their questions. Here’s a representative quote from Mr Tenev’s piece: Actually, that’s one of the milder quotes. Elsewhere he calls his critics “market gadflies, academics and out-of-touch investors.” Hides Behinds its Users, Again “One wonders whether the push to ban payment for order flow and overregulate modern design is about investor protection or really about control.” Dr Richard Smith F i nanc i a l Innov a t i on & F i nTech 18 Finance Monthly.