Express

Robinhood Faces A Fine Exceeding $10 Million Following SEC Investigation

Emily Mason

Summary: Robinhood Markets Inc. is under a civil fraud investigation by the Securities and Exchange Commission after early failures to disclose its practice of selling clients' orders to high-speed traders, as reported by The Wall Street Journal. Robinhood operates a popular crypto investment platform offering clients services to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. ...

Robinhood Markets Inc. is under a civil fraud investigation by the Securities and Exchange Commission after early failures to disclose its practice of selling clients' orders to high-speed traders, as reported by The Wall Street Journal.

Robinhood operates a popular crypto investment platform offering clients services to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. The company could face a fine exceeding $10 million if it chooses to settle the matter with the SEC, but a settlement deal has not yet been discussed.

By Emily Mason

Last Update:

Tags: ,,
Link: Robinhood Faces A Fine Exceeding $10 Million Following SEC Investigation   [Copy]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 2 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 6 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 8 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 10 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 13 days ago
  • You need to login to comment.