Home Business Robinhood Financial pays $70 million to settle a wide range of allegations, including that it gave customers misleading information

Robinhood Financial pays $70 million to settle a wide range of allegations, including that it gave customers misleading information

by staff

The financial penalty is the largest ever ordered by the Financial Industry Regulatory Authority, a non-governmental organization that oversees the brokerage industry, and one that “reflects the scope and seriousness of Robinhood’s violations,” said Jessica Hopper, head of FINRA’s department of enforcement.

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