Regulatory perspective on retail trading app; it’s akin to day trading (InvestorPlace)

Regulators likely see the proliferation of the Robinhood trading app usage as having the all too telling signs of day trading. Amy Lynch, Founder and President of FrontLine Compliance, sees this as a concerning trend that typically becomes very costly to individual investors. Ms. Lynch points out that the timing of markets is often a losing game, with day traders having a gamer’s or gambling mentality, It’s easy to see the appeal for younger people, she notes, but also why regulators and others in the industry have been critical of the trading app. See InvestorPlace, “A Robinhood Pop Doesn’t make Ocugen Stock a Smart Investment”