House Panel Hearing: Rep. Ted Budd on Retail Investors
Video Credit: Cheddar Inc. - Duration: 01:47s - Published
House Panel Hearing: Rep. Ted Budd on Retail Investors
Rep.
Ted Budd (R-NC 13th District) questions why Wall Street refers to retail investors as "dumb money," saying it is inappropriate since they are revolutionizing the stock market.
Rep. Ritchie Torres (D-NY), member of the House Committee on Financial Services, calls for greater transparency in trading. He says, “at the heart of our scrutiny is payment for order flow.”
During a Democratic-led House finance hearing, Congressman Sean Casten grilled Vlad Tenev, the CEO of online brokerage app Robinhood, citing an incident where one of its customers took his own life..
Rep. Alexandria Ocasio-Cortez (D-N.Y. 14th District) opens questioning by grilling Robinhood CEO Vlad Tenev about bookkeeping and risk assessment. She also asked whether or not Robinhood would be..
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