On March 8th, the Financial Industry Regulatory Authority (FINRA) of the United States issued a press release on March 7th, stating that it has ordered Robinhood Financial to pay $3.75 million to customers and imposed a fine of $26 million on Robinhood Financial and Robinhood Securities for violating multiple FINRA rules, including failing to respond to warning signs of potential misconduct. In the settlement agreement, the two companies accepted the FINRA investigation results but neither admitted nor denied the allegations, and agreed to commit to rectifying the relevant issues.
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