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No, much more than $34M in misbehavior. Hurt customers by $34M over what they would have been charged if they had paid commissions. So Robinhood took money fro
by jellicle 6y ago
No, much more than $34M in misbehavior. Hurt customers by $34M over what they would have been charged if they had paid commissions.
So Robinhood took money from its customers to this extent: all the cash as if its customers were paying commissions, and also $34M, and for that they're being fined $65M, which will probably be negotiated down to $2M or something like that.