Robinhood slapped with $65m fine by SEC for false claims about the quality of its trade executionpic.twitter.com/NxM2OLwkt3
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They should be able to afford this fine: Robinhood has brought in more than $453 million in order flow payments this year as it eyes a potential IPOhttps://www.theblockcrypto.com/daily/85070/robinhood-453-million-pfof-ipo-potential …
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The key question is will we see the SEC force RH to change their business or is this a "wrist slap and move on" situation?
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I'm sure Dan Gallagher helped get RH favorable terms Robinhood's new top lawyer, a former SEC commissioner, could help the firm shed its scrappy rootshttps://www.theblockcrypto.com/daily/64185/robinhood-top-lawyer-sec-commissioner-scrappy-roots …
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