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Tag Archives: wallstreet

Robinhood to Pay $70M for Misleading Customers and Outages

July 1, 2021 News 0

robinhood

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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