Svmuu News: Robinhood has filed an application with the SEC to establish the “Robinhood Employee Fund, LP,” which will allow employees to pool their funds and invest the pooled capital in stocks, real estate, and other assets.
Typically, investment funds are subject to a large number of strict regulatory rules designed to protect the general public from fraud. However, Robinhood is currently asking the SEC to allow it to bypass the vast majority of these rules.