Reply To: Should firms like Robinhood face consequences for gamifying day trading?

#192686
Christian Harris
Participant

    I think Robinhood’s biggest ‘problem’ is that it attracted a younger demographic during the GameStop short squeeze in early 2021, many of whom lacked the financial literacy needed to make informed trading decisions.

    This raises ethical concerns about exploiting a vulnerable population and the responsibility of platforms to provide adequate education and warnings about the risks involved in trading – especially day trading.

    The regulatory action taken against Robinhood won’t be the end of it.