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Robinhood Will Fork Over $70 Million To Slighted Investors And Feds

Ben Zeisloft
Robinhood Will Fork Over $70 Million To Slighted Investors And Feds
Jakub Porzycki/NurPhoto via Getty Images

Robinhood will pay nearly $70 million to settle a federal investigation into its practices.

The Financial Industry Regulatory Authority (FINRA) alleged that the platform — which became popular after making commission-free securities trading accessible to first-time investors — has caused customers “widespread and significant” harm.

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