Express

Popular Trading Platform Robinhood Plans To Settle The SEC Allegation With $65 Million

Mary Liu

Summary: Robinhood, a popular stock and crypto trading platform, has agreed to settle the SEC's allegation with $65 million. The US Securities and Exchange Commission (SEC) announced the news today. SEC accused Robinhood of misleading statements and material omissions in customer communications (including the FAQ page on its website) between 2015 and the end of 2018. The ...

Robinhood, a popular stock and crypto trading platform, has agreed to settle the SEC's allegation with $65 million. The US Securities and Exchange Commission (SEC) announced the news today.

SEC accused Robinhood of misleading statements and material omissions in customer communications (including the FAQ page on its website) between 2015 and the end of 2018. The platform did not disclose its payment receipts for sending customer orders to trading companies, and unable to perform the duty of seeking the best reasonably available terms to execute customer orders. Robinhood is in trouble with lawsuits recently, Bitpush previously reported that the securities regulator in Massachusetts is preparing to sue the company.

By Mary Liu

Last Update:

Tags: ,,,
Link: Popular Trading Platform Robinhood Plans To Settle The SEC Allegation With $65 Million   [Copy]
Next:

Related Articles

  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 3 days ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 5 days ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 10 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 17 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 19 days ago

    • You need to login to comment.