Robinhood’s new Chinese competition forces Congress’ hand to demand more information
In the world of no-fee and low-fee brokers, Robinhood is the leader, but it’s facing increasingly stiff competition from an upstart known as Webull, founded by one of the top executives from Chinese-based e-commerce giant Alibaba. And it’s Webull’s ties to China — seen increasingly as a US adversary — that could pose a major roadblock … Read more