Customer Trading Restrictions
Vlad Tenev addresses the suggestion that Robinhood put the interest of the business ahead of the customers by restricting trading activity. He emphasizes that their goal is to allow customers to trade what they want, when they want, and highlights the importance of compliance with laws. Tenev also explains the reasoning behind allowing selling but not buying during the recent market volatility, emphasizing the need to prevent customers from being unable to close their positions.In this clip
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20VC
20VC: Robinhood Founder Vlad Tenev on His Biggest Lessons Managing Through A Crisis, The Events of The Congressional Committee, Raising $2.4Bn Fast and Why It Was Necessary & Why It Is Ludicrous To Suggest Robinhood Put The Business Ahead of it's Customer
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