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Robinhood to Pay $70M for Misleading Customers and Outages


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 …

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Elon Musk Supports AOC After She Calls Out Robinhood App

Elon Musk (Selfie)

Elon Musk is standing by Rep. Alexandria Ocasio-Cortez’s stance against the stock trading app Robinhood. Ocasio-Cortez has asked for a House Financial Services Committee hearing regarding the app’s decision to stop trading GameStop stock, a decision that angered investors.  “This is unacceptable,” Ocasio-Cortez tweeted after the news of the halted …

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Twitter Reacts to Ja Rule’s Reaction of Robinhood Blocking Shares

Ja Rule Owes Money

Yesterday Twitter was in an uproar about the stock market and the Robinhood Investing app after they blocked users from purchasing certain shares. A rep for Robinhood announced, “In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBY, $CTRM, …

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