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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 late June 2021, Robinhood was fined $57 million by the Financial Industry Regulatory Authority (FINRA) and was ordered to pay $13 million in restitution to clients affected by outages and misleading communications in March 2020 in the largest penalty ever issued by the agency. [117]
Robinhood Securities will pay $33.5 million as part of the settlement, while Robinhood Financial will pay $11.5 million. ... People. Reyna Roberts refuses to ‘fit anybody’s criteria’ in ...
Robinhood Markets (NASDAQ: HOOD), the online brokerage that popularized commission-free trading, went public in July 2021 at $38 a share. Its stock hit an all-time high of $70.29 less than a week ...
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 ...
Robinhood warned in its disclosure that a potential action from the SEC could mean a civil complaint and a public court proceeding that could end in a fine, a cease-and-desist order, and other ...