Robinhood Users Come Under Attack
Amid the turmoil caused by the global pandemic, people who had been left behind by Wall Street started investing and creating wealth like never before. But now market gadflies, academics, and out-of-touch investors are attacking commission-free, no-minimum brokerages, potentially limiting access to capital markets.
The democratization of investing is no accident. Following Robinhood’s lead, many brokerages across the industry dropped commissions in late 2019 after charging them for decades. By one estimate, this put about $13 billion back in the hands of retail investors. We’ve helped a generation of digitally savvy customers engage with and understand investing.
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