Robinhood aims to settle FINRA probe
March 1, 2021- Share:
Robinhood has plans to pay a fine to settle a probe into its options trading practices and the outages it suffered last March, according to an SEC filing. Two units of the online brokerage company are in talks with FINRA for a settlement, which would include charges that Robinhood violated FINRA rules, a fine and restitution to customers. The company expects a fine of at least $26.6 million. Robinhood is the subject of other investigations by the SEC and state regulatory agencies.
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