Robinhood SUED: What This Means For Us!

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  • Опубліковано 30 чер 2024
  • Robinhood is getting sued AGAIN! Why is the SEC so upset with Robinhood? Why does crypto create new problems for the Securities and Exchange Commission? And what do we need to decide in the middle of all this?
    Robinhood News about this: newsroom.aboutrobinhood.com/r...
    ⏱Handy Timeline:
    0:00 Robinhood's new lawsuit
    0:33 What is the SEC?
    1:03 Why is the SEC mad at RH?
    1:30 Fungible
    5:46 This vs That
    6:24 What this means for us
    8:18 We have to decide this:
    9:28 What I think
    9:53 NFT's
    10:18 I would have bought bitcoin
    10:38 1-Don't lost money 2-Grow it
    10:58 Secrets
    11:01 More videos here
    Light reading from the SEC website: www.sec.gov/corpfin/framework...
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    I reserved my spot for the new Robinhood Gold Card! Here’s my link so you can get access, too.
    robinhood.com/creditcard?refe...
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КОМЕНТАРІ • 37

  • @Carsonkcooper
    @Carsonkcooper Місяць тому +5

    Another great video yet again man! I feel like every brokerage has a history with something shady..

  • @fightchannel4127
    @fightchannel4127 Місяць тому +1

    SEC need to update laws on Crypto but all they are doing is dragging their feet on this subject.

  • @astrochimp3222
    @astrochimp3222 Місяць тому +2

    Hey, great video. I have some money in Robinhood (earning me a good amount of interest), should I be worried and maybe take that money out?

    • @BrendanEvan
      @BrendanEvan  Місяць тому +5

      I am not moving my money out but you do you

  • @user-go7vk4ky6j
    @user-go7vk4ky6j Місяць тому +5

    Time to buy robinhood shares

  • @Xairos84
    @Xairos84 Місяць тому +2

    Whoa!!

  • @SoSo-nk2fh
    @SoSo-nk2fh Місяць тому +1

    Porcupine. Excellent video. Thank you. I agree with you. Crypto should be regulated.

  • @freethenips
    @freethenips Місяць тому +2

    Just finally moved all my assets out of robinhood. Couldn’t be happier haha

  • @mikefigueroa4075
    @mikefigueroa4075 Місяць тому +1

    OKAY-I get what fungible means!

  • @mere_cat
    @mere_cat Місяць тому +2

    Are you planning on covering the mass closure of M1 credit card accounts?

    • @BrendanEvan
      @BrendanEvan  Місяць тому

      I don’t know anything about it besides some stuff I found on Reddit.
      Edit: update, wow this is so strange….

    • @mere_cat
      @mere_cat Місяць тому +1

      @@BrendanEvan Me neither. My card is still active, but the company hasn’t really responded to any of this yet.

  • @TheLuvKittens
    @TheLuvKittens Місяць тому +2

    It's kinda wild that RH is getting sued for holding crypto but not for the Gamestop debacle.

    • @DoubleBarrel6969
      @DoubleBarrel6969 Місяць тому +1

      RH wasn’t the only brokerage that did that bruh.

    • @Zagirus
      @Zagirus Місяць тому +6

      Sure, let’s single out Robinhood for freezing trades on those gambling stocks as if Charles Schwab, Fidelity, and others were just bystanders cheering on the chaos. Apparently, only Robinhood possessed the mystical power to halt those 'priceless' stock treasures. How foolish of us to overlook the time-honored tradition among brokerages and index committees to suspend trading during extreme volatility.

    • @TheLuvKittens
      @TheLuvKittens Місяць тому

      @@DoubleBarrel6969 they also aren't the only brokerage allowing you to hold crypto.

    • @SethroBodine913
      @SethroBodine913 Місяць тому +1

      People that dont understand have this mindset

  • @notxasj
    @notxasj Місяць тому

    I like hedgehogs more than porcupines.
    I'm interested in adding Bitcoin to a Roth IRA but hesitant about the risks if the company being the custodian of the account ends up being shady and have another FTX type of situation. So having some regulations and protection in the crypto area could be beneficial.

  • @boomn216
    @boomn216 Місяць тому

    That's to bad I like Robin Hood.

  • @JHess
    @JHess Місяць тому

    wow ok man, you'd rather have the sec take care of your money than being knowledgeable and taking care of it yourself? well, good luck with that. the sec did a great job with the whole fintech thing that's going on right now with over 10 million people being affected....

  • @rachelstewart9484
    @rachelstewart9484 7 днів тому

    Robin hood stole 400.00 in Apple stocks from me?

  • @fondy000
    @fondy000 Місяць тому +1

    Porcupine

  • @zacharyrivera7228
    @zacharyrivera7228 Місяць тому +1

    Why I stick with Acorns lol

  • @DreadHalfling9
    @DreadHalfling9 Місяць тому

    Crypto isnt complicated just follow basic rules and you wont have problems. Crypto shouldnt be regulated it will get corrupted like the current US economy, dont bring your "you better save me" attitude to crypto

  • @betsydonato6817
    @betsydonato6817 Місяць тому

    Never bet the farm. Even if the fishing industry gives fish subsidies like Uncle Sam back in the day, free and clear...America is " a fisher of men ",,,we have to be like a flock of flying Sheep Head fish in todays barrel of goats and stop monkeying around between the drug and grocer. This is what schools are made for in a 1963 MH & RC Mandated 2 tier system. An administrative Citizen Science.

  • @gbipit1
    @gbipit1 11 годин тому

    Crooks

  • @TenMinusNine
    @TenMinusNine Місяць тому

    Crypto is fantastic. However I would never use Robinhood to buy, sell, or trade it. Regulators are corrupt. Just like anything else as long as you do your due diligence and research your purchase like an adult you'll be just fine. I bought Bitcoin at $1200 😎

  • @elizabeths.3634
    @elizabeths.3634 Місяць тому

    I don't do crypto either.

  • @james9836
    @james9836 Місяць тому

    First!!!!!

    • @SleepyMagii
      @SleepyMagii Місяць тому +1

      Yeah, the first gay!! 🤣👍
      😂

    • @4thChairman_Yume
      @4thChairman_Yume Місяць тому +1

      ​@@SleepyMagiiHA
      GOOT EEMMMMMM

  • @augustoliver2779
    @augustoliver2779 Місяць тому

    Too intense. Bad vibes. Video no good.

  • @BlingtingSam
    @BlingtingSam 19 днів тому

    God bless the suers. Robbinghood disabled the buy button.