Robinhood shares plunge seven percent amid pressure from SEC and PayPal
At the beginning of the week, 30 august, Robinhood broker shares (Nasdaq: HOOD) fell on 6,9 %, to 43,6 $, in the face of several negative news reports. In a conversation with Barron's, the head of the US Securities and Exchange Commission (SEC) Gary Gensler reported, that there is an “obvious conflict of interest” in paying for referral traffic.