Robinhood Seeks SEC Approval to Establish Employee Fund for Pooled Stock, Real Estate Investments

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According to Odaily, Robinhood has filed an application with the SEC to establish the Robinhood Employee Fund (LP), which would allow employees to pool their capital for joint investments in stocks, real estate, and other assets. The company is requesting the SEC to grant it exemptions from most of the standard regulatory rules typically imposed on investment funds.
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