Robinhood Stock Slips on $29.75M in FINRA Fine, Restitution Payments
Key Takeaways Shares of Robinhood are falling Monday morning as markets react to fines announced late on Friday.The Financial Industry Regulatory Authority said Friday that it fined Robinhood $26 million,
Robinhood to Pay $30 Million for Regulatory Violations, Finra Says
The regulator said Robinhood had violated “numerous” rules, including failing to respond to red flags for potential misconduct.
Robinhood (HOOD) Agrees to Pay $29.75M Fine to Settle Regulatory Probes
Robinhood Markets (HOOD), the financial services platform, has agreed to pay $29.75 million to settle regulatory probes by the Financial
Robinhood paying $29.75 million to end Financial Industry Regulatory Authority probes
The brokerage regulator said on Friday that Robinhood will pay a $26 million civil fine and $3.75 million of restitution to customers.
Robinhood paying $29.75 million to end US regulator's probes
Robinhood Markets, the online trading platform, agreed to pay $29.75 million to resolve several Financial Industry Regulatory Authority probes into its supervision and compliance practices, including failure to respond to "red flags" of potential misconduct.
FINRA orders Robinhood to pay $3.75M in restitution to customers
FINRA has ordered Robinhood Financial to pay $3.75M to its customers, and fined Robinhood Financial and Robinhood Securities $26M for violating numerous FINRA rules, including fai
Robinhood to Pay $30 Million to Settle Finra Investigation
Two brokerage units of Robinhood Markets have agreed to pay $30 million to settle an investigation by the Financial Industry Regulatory Authority into a range of violations, some of which date back more than a decade.
Robinhood Fined $29.75M by FINRA Over Compliance Failures
Robinhood Markets (NASDAQ: HOOD) has agreed to pay $29.75 million to settle multiple Financial Industry Regulatory Authority (FINRA) probes into its compliance and supervision practices. The settlement includes a
Financial Advisor16h
Finra Fines Fell 35% In 2024, But Investor Restitution Rose, Report Says
However, fines shrank to $59 million, down 35% from the $89 million in 2023. The drop largely stems from a lack of blockbuster penalties, such as the $24 million fine levied against Bank of America ...
InvestmentNews13h
Finra not folding its tent any time soon: attorney
“In the absence of abolishing Finra, Project 2025 makes numerous proposals about how Finra should be changed, such as making ...
Blockonomi22h
Robinhood Settles FINRA Probes for $29.75 Million Over Compliance Issues
Robinhood agrees to pay $29.75 million to settle FINRA probes over compliance failures while reporting record profits from ...
Luxembourg Times21h
CSSF fines unnamed entity €127,500 for compliance failures
Luxembourg’s financial regulator has fined an unnamed entity €127,500 for compliance breaches related to the law on ...
Deutsche Bank handed $24.3 million fine by German regulator
German financial watchdog Bafin on Tuesday fined Deutsche Bank 23.05 million euros ($24.3 million) over breaches in the sale ...
InvestmentNews12d
CFTC to base fines on cooperation of wrongdoers
The new advisory intends to create “meaningful incentives for firms to come forward and get cases resolved faster with ...
Compliance Week13d
FCA fine against Infinox Capital may signals widening risk for smaller financial services firms
The decision by the U.K.'s financial regulator to fine a small trading platform around ten percent of its annual profits ...