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Robinhood Pays $7.5M in Settlement Over Trading Gamification

Robinhood Pays $7.5M in Settlement Over Trading Gamification


CoinGape
2024-01-19 03:40:45

Robinhood, the popular cryptocurrency and stock trading app, has settled with Massachusetts’ securities regulator, concluding a legal dispute that began in December 2020. The company has agreed to pay a $7.5 million penalty and commit to a major overhaul of its digital engagement practices. This decision follows allegations that Robinhood targeted inexperienced investors by gamifying The post Robinhood Pays $7.5M in Settlement Over Trading Gamification appeared first on CoinGape .


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