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The Financial Industry Regulatory Authority (FINRA) has fined Robinhood $57 million and ordered the firm to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed...
Robinhood will pay a record $70 million to resolve its systemwide outages and misleading trading practices, an industry regulator said Wednesday.
“The fine imposed in this matter reflects the scope and seriousness of Robinhood’s violations, including FINRA’s finding that Robinhood communicated false and misleading information to ...
In August 2022, Robinhood's cryptocurrency division was fined $30 million by the New York State Department of Financial Services for allegedly violating anti-money-laundering and cybersecurity regulations, in the department's first cryptocurrency-related enforcement action.
He personally paid 75% of a total fine of $70 million as part of settlement with the U.S. Securities and Exchange Commission and Department of Justice. His firm made $600 million on the Treasury positions. [7] In his book, No Bull, Steinhardt said he did nothing wrong, but merely settled the case in order to "move on." [citation needed]
Robinhood Securities will pay $33.5 million as part of the settlement, while Robinhood Financial will pay $11.5 million. The firms have also agreed to conduct internal audits and address the ...
By Jonathan Stempel (Reuters) -A cryptocurrency platform run by Robinhood Markets will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from ...
New York State's financial regulator has fined the crypto arm of Robinhood Markets Inc $30 million for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules.