Why Wealthsimple Refuses to Restrict Trading

Jan.29 — The Reddit-fueled rally in the likes of GameStop, BlackBerry and AMC prompted U.S. no-fee trading platform Robinhood to restrict the types of transactions retail investors could make in the names, prompting outrage. In Canada, Wealthsimple did no such thing, allowing investors to trade freely in those securities, helping drive the trading platform to the top of the app store. For more, BNN Bloomberg spoke with Mike Katchen, co-founder and chief executive officer of Wealthsimple.

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