Today the line is blurred more than ever between speculation and investment, and this has impacted individuals making financial judgments. We examine the growth of speculation in our society and the success of Robinhood’s trading app in attracting younger clients. As a regulated broker-dealer, Robinhood cannot be just a trading app—there are well-established rules and regulations that must be followed by both the firm and its employees. We examine the issue and ask financial services professionals to reflect on their role in the process.
Author: James Pasztor, MSF, CFP, is a lecturer at the University of Georgia and former vice president of Academic Affairs at the College for Financial Planning.
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