Robinhood fined $26 million by U.S. regulator for multiple violations
2025-03-08 09:02:09
Odaily News The U.S. Financial Industry Regulatory Authority (FINRA) issued a press release stating that it has ordered Robinhood Financial to pay $3.75 million to customers and fined Robinhood Financial and Robinhood Securities $26 million for violating multiple FINRA rules, including failing to respond to red flags of potential misconduct. In the settlement agreement, the two companies accepted the findings of FINRA's investigation but neither admitted nor denied the allegations, and agreed to promise to rectify the relevant issues. (Bloomberg)
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