Robinhood ordered to pay $70M for ‘significant harm’ to consumers

By news@appleinsider.com (Mike Peterson) A financial industry regulator has ordered Robinhood to pay $70 million for “systemic supervisory failures” and causing “significant harm” to consumers.Credit: RobinhoodRobinhood will need to pay $12.6 million in restitution to thousands of its consumers, while the remaining $57 million will be a fine. That represents the largest fine ever levied by the …

Source:: Apple Insider