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From [1]: On September 2, 2020, the Wall Street Journal reported that Robinhood was under SEC investigation for failing to fully disclose selling clients' order
by joering2 6y ago
From [1]: On September 2, 2020, the Wall Street Journal reported that Robinhood was under SEC investigation for failing to fully disclose selling clients' orders to high-speed trading firms, with a potential $10M+ fine.[6] Robinhood paid $65M to settle the SEC investigation on December 17, 2020.
Gee.. I guess a slap on their wrist will make them behave NEXT time. How come people are not in jail for this?? I hope this time around politicans will make enough stink that SEC will actually forward indictments to DOJ.
[1] https://en.wikipedia.org/wiki/Robinhood_(company)#SEC_Probe_on_Selling_Clients'_Orders https://en.wikipedia.org/wiki/Robinhood_(company)#SEC_Probe_...