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Kim Muhota, Vice President and Head of Financial Services for North America, spoke with Institutional Investor Magazine about what the future holds for the ever-popular stock trading app, Robinhood. Kim noted the similarities in the boom Robinhood has experienced over the past year and previous retail investment booms. “We saw something fairly similar happen years ago with e*Trade and Schwab that disrupted the retail broker space.”
He continues, cautioning current traders of the outcome of past investment bubbles stating, “In the ’90s the ability to trade quickly was a novel idea, But when the tech bubble burst in 2000, retail traders lost a lot of money.”
Read the full article here.
Kim Muhota, Vice President and Head of Financial Services, North America