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Note: This is not related to any activity relating to the gamestop/meme stock trading restrictions earlier this year, and was predominantly for their violations
by chunky1994 5y ago
Note: This is not related to any activity relating to the gamestop/meme stock trading restrictions earlier this year, and was predominantly for their violations regarding proper trading controls and communications during 2018 to late 2020. This is a rather substantial fine in terms of those violations.
- FridayoLeary 5y agoI wonder if the gamestock saga isn't the reason this news has received the attention it did.
- alpb 5y agoNone of these fines (either meme stock fines or systemic failures/price improvement issues) are "substantial". It's not even a slap on the wrist for Robinhood, compared to the money they are making. They are probably clearing profits north of $70M in half a day.
- seattle_spring 5y ago> They are probably clearing profits north of $70M in half a day. Your assertion is that Robinhood is making $51.1 billion dollars a year in profit?