Ala. Securities Commission Joins Multiple States in $10 Million Settlement With Robinhood for Failing Investors
April 07, 2023
April 07, 2023
MONTGOMERY, Alabama, April 7 -- The Alabama Securities Commission issued the following news:
The Alabama Securities Commission (ASC) announced today that it has joined a multi-state settlement with Robinhood Financial LLC, which will pay up to $10.2 million in penalties for operational and technical failures that harmed main street investors.
The settlement stems from an investigation spearheaded by state securities regulators in Alabama, Colorado, California, Delaware, . . .
The Alabama Securities Commission (ASC) announced today that it has joined a multi-state settlement with Robinhood Financial LLC, which will pay up to $10.2 million in penalties for operational and technical failures that harmed main street investors.
The settlement stems from an investigation spearheaded by state securities regulators in Alabama, Colorado, California, Delaware, . . .