Robinhood CEO Tenev Says Financial Regulation Good for the Firm

Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said that his firm, which has been probed by US financial regulators over its cryptocurrency operations, benefits from government oversight.

“I think customers want to know that their assets are safe and that someone is watching over the companies that are providing financial services to them and holding them accountable,” Tenev said in a Bloomberg Television interview Tuesday. “I actually think regulation is good for our business, not just good for customers, and we know how to operate in a highly regulated arena.”