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by TOR_USER_01 1286 days ago
> Robinhood to pay $65 mln fine to settle SEC charges of misleading customers

> The SEC charged the company with failing to inform customers about payments it received from trading firms to route customer orders through them, a move that resulted in customers paying higher prices to execute trades.

> Robinhood customers' orders were executed at prices that were inferior to other brokers' prices," the SEC found.

https://www.reuters.com/business/finance/robinhood-pay-65-ml...