September 01, 2023
Online brokerage Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to repurchase shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. The deal, valued at $605.7 million, comes after Robinhood’s shares were seized and transferred to the custody of the U.S. government following the bankruptcy filing of Emergent Fidelity Technologies and Bankman-Fried’s FTX, Reuters reported Friday (Sept. 1). Robinhood disclosed the deal in a filing with the Securities […]
