California joins multiple states in $10 million settlement with Robinhood | 1470 & 100.3 WMBD

California joins multiple states in $10 million settlement with Robinhood

Peoria, IL, USA 1470 & 100.3 WMBD

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Apr 6, 2023 | 11:45 AM

(Reuters) – The California Department of Financial Protection and Innovation (DFPI) said on Thursday it has joined a multi-state settlement with Robinhood Financial LLC, which will pay up to $10.2 million in penalties for operational and technical failures.

(Reporting by Manya Saini in Bengaluru; Editing by Shailesh Kuber)

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