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Robinhood Taps Former Fidelity, Wells Fargo Execs as Compliance Heads
Robinhood announced on Thursday it hired Norm Ashkenas and Kelly Zigatis as chief compliance officers of its Financial and Securities teams.
Updated Sep 14, 2021, 9:49 a.m. Published Aug 28, 2020, 4:21 p.m.
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Trading platform Robinhood announced on Thursday it hired two executives to lead compliance work on its financial and securities teams.
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- According to an announcement posted on Robinhood’s website, Norm Askensas, formerly head of compliance for Fidelity Institutional, will lead compliance for the company's financial team.
- In addition, Kelly Zigatis, former head of oversight and control at Wells Fargo Advisors, shall do so for Robinhood’s securities team.
- Both of the new compliance executives are expected to join the firm in September, Robinhood said. Earlier this month, Robinhood had also announced the completion of a Series G funding round which raised $200 million for the firm, taking its overall valuation to $11.2 billion.
- In December 2019, the Financial Industrial Regulatory Authority (FINRA) had imposed a $1.25 million fine on Robinhood because it found the trading platform, which is known for offering zero-commission trades, had failed to ensure its customers were receiving the best deal on their orders.
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Bitcoin holds near $68,000 as volatility cools, WLFI jumps ahead of Mar-a-Lago forum
Bitcoin trades in a tight range as derivatives stabilize and altcoins show pockets of strength ahead of key macro cues and a high-profile crypto event.
Bilinmesi gerekenler:
- Bitcoin is up 0.9% on Wednesday to around $68,000, holding between $65,100 and $72,000 since Feb. 6 as volatility and funding rates cool.
- Open interest sits at $15.5 billion, funding rates are flat to slightly negative, and options skew has eased, signaling a more balanced market.
- The Trump-backed WLFI token has surged nearly 19% in 24 hours ahead of a Mar-a-Lago crypto forum, while MORPHO extends its weekly rally.
