Robinhood’s regulatory headaches pile up | CNN Business

Jul 1, 2021 · Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here TSK TSK A Wall Street regulator …

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Robinhood Slapped With Biggest-ever Penalty By Wall Street …

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Jun 30, 2021 · New York CNN Business — Robinhood is being ordered to pay about $70 million for harming millions of customers. It’s the largest penalty ever imposed by Wall Street’s self …

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EXPLAINER-The Regulatory And Legal Headwinds Facing Robinhood

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Jul 2, 2021 · That episode sparked multiple probes and intensified scrutiny of Robinhood's business model. To date, the startup has paid more than $136 million to settle regulators' …

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Robinhood Files For IPO | CNN Business

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Jul 1, 2021 · Robinhood revealed Thursday that it is a rapidly growing business that managed to turn a profit last year. The company grew sales to $958.8 million last year, up 245% from the …

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FAQs about Robinhood’s regulatory headaches pile up | CNN Business Coupon?

Will Robinhood pay $70 million?

Robinhood is being ordered to pay about $70 million for harming millions of customers. It’s the largest penalty ever imposed by Wall Street’s self-regulator. ...

Why did Robinhood go out of business?

Robinhood has at times been overwhelmed by its user volume, and experienced roughly 70 outages or disruptions since the start of the year, according to the Massachusetts regulator. The regulator said the company used “gamification strategies to manipulate customers” to trade over and over again. ...

Is Robinhood regulated?

Robinhood is an industry that is highly regulated and subject to robust oversight. Robinhood's chief legal and corporate affairs officer, Dan Gallagher, stated, "We have built industry-leading legal and compliance teams to help ensure that Robinhood remains a regulated platform of choice for millions of investors. ...

Will Robinhood disrupt Wall Street?

We’ll send you a myFT Daily Digest email rounding up the latest Robinhood news every morning. Robinhood’s quest to disrupt Wall Street with its sleek app and promise to “democratise” trading has itself been disrupted by a duo of US regulatory actions that highlight the tougher scrutiny the Silicon Valley broker faces. ...

Is there a successful claim against Robinhood?

This is the first successful claim against Robinhood, after others were denied. Jorge Altamirano, the attorney for the Robinhood customer, said his firm has received 'an overwhelming outreach' from others and is currently vetting legal claims. ...

Will Robinhood go public?

As is typical for the initial IPO filing, Robinhood didn’t yet indicate a target valuation or date for its public debut. The company hopes to raise $100 million by going public. The IPO puts the stock trading app in a unique position: It plans to take advantage of its own public trading to sell stock to its customers. ...