Robinhood Fined $1.25 Million by FINRA for Trading Violation
Posted on 12/19/2019
Financial Industry Regulatory Authority, Inc. (FINRA) levied a fine of US$ 1.25 million to Robinhood Financial, LLC for best execution violations related to its customers’ public equity orders and related supervisory failures that spanned from October 2016 to November 2017. Robinhood is known by offering commission-free stock trading. FINRA regulates U.S. broker-dealers. As discount stock […]
