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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.