July 1, 2021 Sophia Vida

Robinhood Was Hit with the Biggest Penalty Ever By a Wall Street Self-Regulator

The Financial Industrial Regulatory Authority (FINRA) has slapped Robinhood with its biggest fine ever, ordering the company to pay a penalty of about $70 million. The reason? For harming millions of customers. It’s the biggest penalty ever imposed by a Wall Street’s self-regulator. The Financial Industrial Regulatory Authority had accused the trading app of “systemic … Continue reading “Robinhood Was Hit with the Biggest Penalty Ever By a Wall Street Self-Regulator”