Report: Robinhood In Talks To Pay Financial Penalty

To settle probes into its options trading processes and the downtime that its equity trading app faced last year, Robinhood Markets Inc. is in discussions to pay a financial penalty, The Wall Street Journal reported, citing a securities document. The Financial Industry Regulatory Authority (FINRA), state watchdogs and the U.S. Securities and Exchange Commission (SEC) are examining the company’s behavior in areas such as how it “displays cash and buying power to customers and its options trading
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