Tag Archives: Fines

On Wednesday, Wall Street’s industry regulator fined Robinhood Financial LLC $70 million for “systemic” failings, including system outages, offering “false or misleading” information, and having poor options trading controls, all of which hurt millions of the app’s consumers. The penalty imposed by the Financial Industry Regulatory Authority (FINRA) is the …

If you don’t have anything to say, then hey! But most of us don’t get fined $15,000. Tennis star Naomi Osaka was penalized for not speaking to the media following her straight-set victory at the French Open on Sunday. Before the incident, Osaka cited mental health concerns for the reason …

Chinese regulators slapped online retailer Alibaba with an 18.2 billion yuan ($2.8 billion) fine for behaving like a monopoly.  An antitrust investigation was launched in December into Alibaba’s “exclusive dealing agreements.” The agreements kept merchants from selling products on other e-commerce platforms, a practice known as “choosing one from two,” according to …

The Transportation Security Administration is cracking down on people who refuse to obey mask requirements. TSA will fine violators a $250 fine for not wearing a mask, and the fine goes up for repeat offenders. “Based on substantial aggravating or mitigating factors, TSA may seek a sanction amount that falls …

The NBA fined Kyrie Irving $50,000 for violating health and safety protocols. Irving was seen on social media at a family gathering without a mask.  The NBA prohibits players from attending indoor social gatherings with 15 or more people. “Without a doubt, the organization’s disappointment with not having any one …