Robinhood plans to set up an “Employee Fund” for its employees, with plans to invest in assets such as stocks and real estate.

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BlockBeats news, July 17, according to official information, Robinhood is seeking approval from the U.S. Securities and Exchange Commission (SEC) to set up a special investment club called “Robinhood Employee Fund” for employees.

The fund allows employees to pool capital, which is then invested by the fund as a whole into stocks, real estate, and other asset classes. Robinhood says the main purpose of establishing the fund is to enhance its competitiveness in employee recruiting and retention.

Because investment funds are typically subject to strict regulation to protect investors’ rights, Robinhood is requesting SEC exemptions from some related rules while still committing to core requirements such as anti-fraud and audits.

Currently, large financial institutions including Goldman Sachs, Blackstone, and KKR also operate similar employee investment funds. Robinhood hopes to provide employees with similar investment opportunities by building an internal investment tool.

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