Securities Lawyers Blog
Is a brokerage firm responsible for broker misconduct? Under FINRA rules, a firm such as Robinhood Securities, LLC must supervise the financial advisors it registers, and it can be held liable in FINRA arbitration when a broker’s unsuitable recommendations, unauthorized trading, or misrepresentations cause investment losses. The broker misconduct attorneys at Gana Weinstein LLP bring these claims on behalf of investors and can evaluate whether a firm failed to supervise your broker.
Robinhood Securities is the self-clearing broker-dealer of Robinhood Markets, providing clearing, settlement and custody for trades in stocks, ETFs and options placed through the Robinhood investing app. Formed in Delaware in 2016 and based in Lake Mary, Florida, the firm began clearing for Robinhood customers in 2018 and supports a platform with more than 27 million funded customers.
Robinhood Securities, LLC – By the Numbers: