**[Robinhood Plans to Establish "Employee Fund" for Investing in Stocks, Real Estate, and Other Assets]** BlockBeats News, July 17: According to official sources, Robinhood is seeking approval from the U.S. Securities and Exchange Commission (SEC) to establish a special investment club called the "Robinhood Employee Fund" for its employees. This fund would allow employees to pool their money, which would then be collectively invested in stocks, real estate, and other asset classes. Robinhood stated that the primary goal of setting up this fund is to enhance its competitiveness in employee recruitment and retention. Since investment funds are typically subject to strict regulations to protect investor rights, Robinhood is requesting exemptions from certain related rules from the SEC, while still committing to adhere to core requirements such as anti-fraud measures and audits. Currently, major financial institutions such as Goldman Sachs, Blackstone, and KKR also operate similar employee investment funds. Robinhood aims to provide its employees with comparable investment opportunities by creating this internal investment tool. [Original Link]