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Robinhood apparently faces SEC probe pertaining to relates to high-speed traders

AJ Smith knows exactly about people owing cash. The gambling capital of the world after all, he’s a debt collector in Las Vegas. Therefore final March, whenever Smith downloaded Earnin, an software that fronts employees element of their paychecks early, he didn’t think any such thing of it. It had been money he’d already made, the ongoing business stated it prevented overdrafts, and any charges had been optional: The application called them “tips.” “It had been simply an approach to get a few dollars every now and then,” said Smith, that would tip up to 9 for one-week, 100 loans. Soon, but, things went incorrect. (more…)