Robinhood Settles US Regulator Probes with $30M Payment
Robinhood, has agreed to pay an astonishing $29.75 million to settle FINRA probes of its supervisory and compliance practices. Robinhood’s Regulatory Failures The deal follows a series of missteps that landed Robinhood in regulators’ crosshairs, such as anti-money laundering, supervisory, and customer protection rule breaches. The issues began amidst heightened
