SEC Charges Robinhood Financial with Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution
(1) Washington, D.C.--(Newsfile Corp. - December 17, 2020) - The Securities and Exchange Commission today charged Robinhood Financial LLC for repeated misstatements that failed to disclose the firms receipt of payments from trading firms for routing customer orders to them, and with failing to satisfy its duty to seek the best reasonably available terms to execute customer orders. Robinhood agreed to pay $65 million to settle the charges. According to the SECs order, between 2015 and late 201...
Source: finanznachrichten.de