The Minutes of David Friedberg on finra https://minutesof.com/david-friedberg/on/finra/ Everything David Friedberg has said on finra: 3 verbatim quotes from July 2021, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:46 +0000 Friedberg interprets the $70 million FINRA fine on Robinhood as industry self-regulation to prevent government https://minutesof.com/q/b4c94c28-f540-4012-9599-e36e50253cc5/ https://minutesof.com/q/b4c94c28-f540-4012-9599-e36e50253cc5/ “I feel like the the Robinhood fine the FINRA fine of $70,000,000, was a good red herring for what's gonna happen in this industry which is that the big financial services firms wanna participate in this market and they don't want regulators coming in and reregulating the market.” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 finra Friedberg argues the $70 million Robinhood fine was meant to prevent broader regulatory intervention in fintec https://minutesof.com/q/cc2d3c96-068b-459e-aa92-c919117e4ad8/ https://minutesof.com/q/cc2d3c96-068b-459e-aa92-c919117e4ad8/ “They they see the opportunity in the same way that the startups do. And FINRA is a self regulatory organization.” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 finra Friedberg argues FINRA's $70 million fine was sized to keep the SEC from regulating digital financial services https://minutesof.com/q/166b46a2-e070-4b50-b974-1a4d73573c0a/ https://minutesof.com/q/166b46a2-e070-4b50-b974-1a4d73573c0a/ “And, you know, putting that $70,000,000 fine on Robinhood was a big enough fine to say, you know what? We don't want the SEC coming in.” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 finra