Robinhood Fine, a harbinger of impending regulatory conflicts

Law360 (July 2, 2021, 6:16 p.m. EDT) – Robinhood Financial’s new plans for an initial public offering indicate that the record-breaking fine it just agreed to pay a top Wall Street cop is likely nowhere near its mark. final summit. profile confrontation with regulators.

The online brokerage firm’s registration statement highlighted the $ 57 million fine imposed by the Financial Industry Regulatory Authority in its disclosure of the various regulatory and litigation risks facing the relatively young firm, including l This popular trading app has made it a mark among retail traders as it continues on a closely watched path to go public.

Used to controversy, Robinhood has made some notable deals with …

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