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Robinhood Fined for Misleading Customers

https://www.nytimes.com/2021/06/30/technology/robinhood-fined-misleading-customers.html

Robinhood Financial, the online stock-trading app, was fined $70 million by the securities industry's self-regulator on Wednesday for a series of failures that the agency said hurt Robinhood's customers. The announcement came ahead of Robinhood filing an investment prospectus to go public, which is likely to land later this week, a person with knowledge of the matter said.