Why is Robinhood Stumbling Again? $29.8 Million Answers
Robinhood Markets faces a significant setback with its stock falling 13% due to regulatory penalties from Finra. Finra highlights Robinhood’s inadequate clearing technology and weaknesses in anti-money laundering (AML) practices. The company’s customers lacked transparency, particularly concerning the transformation of market orders into limit orders through “collaring.” Robinhood’s failure to monitor suspicious trading activities led … Read more