WSJ – In a story about brokerage firm Robinhood planning to unveil an index to track customer stock purchases, Healthy Markets President and CEO Tyler Gellasch is quoted saying “Still, the new index raises worries. Even if the index isn’t licensed to create a new fund, the insight Robinhood is giving into its customers’ holdings and concentrations is extremely useful to sophisticated investors,” Mr. Gellasch said. “Disclosing its customers’ ‘convictions’ may be good for hedge funds and market makers, but it’s not clear how this would be good for Robinhood’s other customers—the actual retail traders on its platform.” (Full Story).
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