The probe is in advanced stages and focuses on Robinhood's failure to fully disclose its act of selling customers' orders to market-makers, sources familiar with the matter told The Journal. The brokerage could be forced to pay a fine of more than $10 million if it settles with the SEC.
A fine hasn't yet been negotiated between the two sides, one source said. A deal is unlikely to be announced this month, according to The Journal."We strive to maintain constructive relationships with our regulators and to cooperate fully with them," a Robinhood spokesperson told Business Insider.
Wheres the class action lawsuit... we’re the product it seems. So we have worth and that worth needs to be paid out to every user.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
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