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Robinhood penalised by SEC with USD 65 million for misleading users

News | Payments General | 21 Dec 2020

The Securities and Exchange Commission (SEC) has charged the makers of Robinhood, a popular stock trading app, with ‘misleading customers about revenue sources and failing to satisfy the duty of best execution’.

Securities and Exchange Commission, SEC, Robinhood, trading app, fintech, penalty, US, transaction fees

Robinhood raises USD 8.3 bln in funding round

News | Payments General | 06 May 2020

Robinhood, an investment and stock trading app, has raised USD 280 million in a funding round led by existing investor Sequoia Capital

fintech, startup, Robinhood, trading app, Sequoia Capital, incumbent, retail, Charles Schwab Corp, TD Ameritrade Holding Corp, Fidelity Investments, banking