Robinhood Financial, LLC: $65M Fine

Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $65 million on Robinhood Financial, LLC, described as a Delaware-domiciled “self-directed securities brokerage” based in Menlo Park, California, for “material misrepresentations and omissions by Robinhood relating to its revenue sources”.

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Pages: 16

Date: December 17, 2020

Defendant(s)/Respondent(s): Robinhood Financial, LLC

Plaintiff(s)/Applicant(s): U. S. Securities and Exchange Commission

Case Number: Xx Xx Xx

Topic: Investment, Regulatory

Allegation: Fraud

Topics

Keywords

Robinhood Financial, LLC U. S. Securities and Exchange Commission

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