Roughly $5.4 billion has exited from the $20 billion iShares Short Treasury Bond exchange-traded fund over 14 consecutive weeks of outflows, the longest streak on record for the fund.
Robasciotti’s new financial activism firm, Adasina Social Capital, believes it’s built a better mousetrap for impact investing, one driven by community-sourced data from on-the-ground organizations.
Over the first half of the year, U.S. consumer protection agencies received more than 400 complaints about Robinhood -- roughly four times more than competitors like Charles Schwab Corp. and Fidelity Investments’ brokerage unit.