SEC charges Robinhood $65M for misleading customers about revenue sources

Re:SEC charges Robinhood $65M for misleading customers about... by ehejsbbejsk on Thursday December 17, 2020 @10:23AM (#25456342)

I know what you want to say but that’s an awfully bad example. I would take out that loan 10 times over.

[ Parent | on HN ]

Re:SEC charges Robinhood $65M for misleading customers about... by jellicle on Thursday December 17, 2020 @11:58AM (#25457406)

I believe for this example to be correct, the bank would also be hiding in its documentation that you have to pay an annual $100,000 mortgage paperwork fee for this 0% loan.

[ Parent | on HN ]

Re:SEC charges Robinhood $65M for misleading customers about... by ac29 on Thursday December 17, 2020 @11:14AM (#25456908)

So would everyone else, and it would massively push up the price of housing. I think that was the point.

[ Parent | on HN ]