Robinhood applies to establish "employee fund" for co-investment in stocks, real estate, and other assets

Odaily reported that Robinhood has filed an application with the SEC to establish the "Robinhood Employee Fund, LP," allowing employees to pool their funds together for investment in stocks, real estate, and other assets.

Typically, investment funds are subject to numerous strict regulatory rules designed to protect the general public from fraud. However, Robinhood is currently requesting the SEC to allow them to bypass most of these rules.