Robinhood fined $26 million by U.S. regulator for multiple violations
The Financial Industry Regulatory Authority (FINRA) in the United States issued a press release on March 7th local time, 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 warning signs of potential improper behavior. In the settlement agreement, both companies accepted the findings of the FINRA investigation without admitting or denying the charges, and agreed to commit to addressing the related issues.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
