3 ms·
0.2% of cap also looks significant for the first offense. What do you think would be an appropriate fine?
by asteroidbelt 5y ago
0.2% of cap also looks significant for the first offense.
What do you think would be an appropriate fine?
- beambot 5y agoThis isn't the first offense. They were fined $65M in Dec 2020 for similar infractions [1]. Clearly that wasn't enough to deter bad behavior. I'm a fan of exponential backoff. Pick an exponent. 3x-10x the last infraction seems reasonable (assuming similar levels of harm to users). [1] https://www.cbsnews.com/news/robinhood-sec-fine-65-million/ https://www.cbsnews.com/news/robinhood-sec-fine-65-million/
- asteroidbelt 5y ago3x exponential sounds right. Thank you for the context!