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> Robinhood to pay $65 mln fine to settle SEC charges of misleading customers > The SEC charged the company with failing to inform customers about payments it
by TOR_USER_01 4y ago
> Robinhood to pay $65 mln fine to settle SEC charges of misleading customers
> The SEC charged the company with failing to inform customers about payments it received from trading firms to route customer orders through them, a move that resulted in customers paying higher prices to execute trades.
> Robinhood customers' orders were executed at prices that were inferior to other brokers' prices," the SEC found.
https://www.reuters.com/business/finance/robinhood-pay-65-mln-fine-settle-sec-charges-misleading-customers-2020-12-17/ https://www.reuters.com/business/finance/robinhood-pay-65-ml...