Robinhood Fined a Record $70 Million Over “Serious” Violations
U.S. financial regulation authority (FINRA) has fined trading platform Robinhood an unprecedented $70 million for damages caused to millions of customers in recent months. This is the highest sanction agreed by the U.S. financial regulator and reflects “the extent and seriousness of the violations,” according to a statement. Q1 2021 hedge fund letters, conferences and more Robinhood Fine Reflects Seriousness Of ViolationsAs informed by CNBC, Robinhood has agreed to pay a fine of $57 million and further refund $12.6 million to the hundreds of thousands of affected customers. For Jessica Hopper,...