{"id":78653,"date":"2021-07-01T01:45:15","date_gmt":"2021-07-01T05:45:15","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=78653"},"modified":"2021-07-01T01:37:09","modified_gmt":"2021-07-01T05:37:09","slug":"robinhood-to-pay-70-million-fine-after-causing-widespread-and-significant-harm-to-customers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2021\/robinhood-to-pay-70-million-fine-after-causing-widespread-and-significant-harm-to-customers.html","title":{"rendered":"Robinhood to pay $70 million fine after causing \u2018widespread and significant harm\u2019 to customers"},"content":{"rendered":"\n<p>(CNBC) Popular investing platform Robinhood has agreed to pay nearly $70 million to the financial industry regulatory authority (FINRA) to <a rel=\"noreferrer noopener\" href=\"https:\/\/www.finra.org\/media-center\/newsreleases\/2021\/finra-orders-record-financial-penalties-against-robinhood-financial\" target=\"_blank\">settle allegations<\/a> that the brokerage caused customers \u201cwidespread and significant\u201d harm on multiple different fronts over the past few years.<\/p>\n\n\n\n<p>That is the largest financial penalty ever ordered by the organization, a non-government entity authorized by Congress to oversee hundreds of thousands of brokers across the U.S.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/06\/30\/robinhood-to-pay-70-million-for-misleading-customers-and-outages-the-largest-finra-penalty-ever.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Popular investing platform Robinhood has agreed to pay nearly $70 million to the financial industry regulatory authority (FINRA) to settle allegations that the brokerage caused customers \u201cwidespread and significant\u201d harm on multiple different fronts over the past few years. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78653","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=78653"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78653\/revisions"}],"predecessor-version":[{"id":78655,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78653\/revisions\/78655"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=78653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=78653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=78653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}