US state regulators announce $10M settlement with Robinhood ‘for failing investors’ By Cointelegraph
[ad_1]
© Reuters
The California Department of Financial Protection and Innovation said that the company behind cryptocurrency and stock trading platform Robinhood (NASDAQ:) will likely pay more than $10 million in penalties “for operational and technical failures that harmed main street investors.”
In an April 6 announcement, the DFPI said the settlement — up to $10.2 million — was the result of an investigation by the North American Securities Administrators Association in conjunction with securities regulators from Alabama, Colorado, California, Delaware, New Jersey, South Dakota and Texas. The platform suffered a series of system outages in March 2020 causing users to miss out on trades while many of its services were unavailable.
Continue Reading on Coin Telegraph
[ad_2]
Source link
© Reuters
The California Department of Financial Protection and Innovation said that the company behind cryptocurrency and stock trading platform Robinhood (NASDAQ:) will likely pay more than $10 million in penalties “for operational and technical failures that harmed main street investors.”
In an April 6 announcement, the DFPI said the settlement — up to $10.2 million — was the result of an investigation by the North American Securities Administrators Association in conjunction with securities regulators from Alabama, Colorado, California, Delaware, New Jersey, South Dakota and Texas. The platform suffered a series of system outages in March 2020 causing users to miss out on trades while many of its services were unavailable.
Continue Reading on Coin Telegraph
About The Author
