Robinhood Fine, a harbinger of impending regulatory clashes
July 2, 20210
Law360 (July 2, 2021, 6:16 p.m. EDT) – Robinhood Financial’s new plans for an initial public offering indicate that the record-breaking fine it just agreed to pay a top Wall Street cop is likely nowhere near its mark. final summit. profile confrontation with regulators.
The online brokerage firm’s registration statement highlighted the $ 57 million fine imposed by the Financial Industry Regulatory Authority in its disclosure of the various regulatory and litigation risks facing the relatively young firm, including the This popular trading app has made it a mark among retail traders as it continues on a closely watched path to go public.
Used to controversy, Robinhood has made some notable deals with …
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