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Robinhood’s Big Fine?

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Robinhood’s Big Fine?

B
Benzinga

4 Views • Sep 01, 2021

Description

The SEC has issued a $30 million fine on Robinhood's crypto subsidiary for failing to follow standards that prevent money laundering through cryptocurrencies. This is the brokerage firm's latest issue since they have already faced substantial blowback and fines for their participation in the GameStop ($GME@US) saga. Robinhood intends to go public via an initial public offering (IPO) in the near future.