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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's Black franchisees' quest for equality - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Media outlets lean either to the right or to the left in the US, but never has the US look so fragile and divided, why
Source: BusinessInsider - 🏆 729. / 51 Read more »
New Tesla video shows Model 3 cars being made inside its China factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Love TESLA !!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Robinhood's PR head leaves the trading app company - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I'll do it! 😲 😊 👀👀👀
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fourth Twitter bitcoin hack suspect under investigation: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Cool bro
Source: BusinessInsider - 🏆 729. / 51 Read more »
25-year-old sells high-school startup Luminar in a $3.4 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
25-year-old sells high-school startup Luminar in a $3.4 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »