Story highlights
- Robinhood fined $26M by FINRA for regulatory violations.
- Robinhood failed to prevent fraud and unverified accounts.
- The company failed to meet trade reporting requirements.
Financial institutions, take note! If you don’t play by the rules, it’s your investors who pay the price. Market integrity doesn’t come cheap, and clearly, Robinhood learned that the hard way. Who knew that “free trading” wasn’t truly free? 🧐
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2025-03-10 23:08