Robinhood has been dealt a double blow — with the company unveiling plans to lay off hundreds of staff in the wake of a $30 million fine.
A settlement means the fintech company will also be required to hire an independent consultant to ensure Robinhood complies with regulations going forward. Adrienne Harris, the Superintendent of Financial Services, said in a statement: An investigation revealed that Robinhood Crypto's AML program was "inadequately staffed" and its transaction monitoring system had "significant deficiencies."
Vlad Tenev admitted that an earlier reduction of 9% of Robinhood's staff "did not go far enough," and the company has been affected by a further deterioration of the macro environment, with inflation continuing to run hot and a crypto market crash reducing customer trading activity. An update sent to all employees explained:
FIX SaitamaV2
Robinhood is firing staff and iExec is hiring staff. BUIDLing continues $RLC fam 😗
So Robinhood was not much of a Robinhood at last.
Hello CMC, I do not know where else to post this, so sorry if it's off-topic, but, why? 😭 We might not be the more powerful meme coin out there, but we are still very alive and having fun, maybe we focused to much on making memes and forgot about the daily volume that you asked
cần tìm trai. nt để trao đổi sdt gọi đêm khuya. ĐC: số 20, đường số 1, khu Him Lam, P. Tân Thuận Đông, Q.7