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Compliance implications of Robinhood’s record $70M FINRA fine
By 
Jaclyn Jaeger2021-07-01T18:19:00
The Financial Industry Regulatory Authority ordered Robinhood Financial to pay a record-breaking $70 million in penalties, the result of “systemic supervisory failures in several critical parts of its business.” The firm must retain a compliance consultant, among other enhancements.
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