Robinhood Crypto Fined $30 Million by New York Regulator, Cuts 23% of Its Workforce

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  • August 2, 2022

Robinhood, the self-proclaimed ‘Democratized Finance’ app accused of misleading and ripping off retail investors will have to cough up another $30 million to appease regulators. That raises the company’s overall regulatory penalty and settlement tab well above $100 million.

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Source : Robinhood Crypto Fined $30 Million by New York Regulator, Cuts 23% of Its Workforce