Apple and Fintechs Like Robinhood Chase Yield-Hungry Depositors As Fed Rate Hikes Continue
With interest rates rising and regional banks suffering, a number of new entrants have entered the market for high-yield savings accounts.
Robinhood Returns to Court To Defend Position in Case Brought by US State Regulator
Lawyers representing cryptocurrency and stock trading app Robinhood faced off against those for the Secretary of the Commonwealth for Massachusetts over the legality of a state regulation that could affect how the company markets itself to potential investors.
Robinhood Launches Robinhood Connect, Allowing Customers to Fund Web3 Wallets Without Leaving dApps
This new feature will allow Robinhood customers to fund Web3 wallets without leaving the dApps or their Robinhood Crypto accounts.
Crypto Morning Briefing: UK Treasury Opens Tax Policy Consultation on DeFi Staking and Lending
Robinhood Introduces Robinhood Connect To Enhance DeFi Accessibility; Circle Policy Head Shares Key Predictions on Potential Digital Euro; Shiba Inu Whales Unload Billions Amid SHIB Price Retreat
Robinhood Introduces Robinhood Connect To Enhance DeFi Accessibility
Popular trading app Robinhood has introduced a new feature called Robinhood Connect, which will allow users of its crypto wallet to access their funds and credentials directly from decentralized finance (DeFi) protocols and applications.
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
Robinhood, the retail trading platform, is set to pay up to $10.2 million in penalties for operational and technical failures that harmed investors, according to an announcement from the California Department of Financial Protection and Innovation. The multi-state settlement followed a North American Securities Administrators Association investigation into Robinhood platform outages in March 2020. The investigation found deficiencies in Robinhood's review and approval process for options and margin accounts, weaknesses in monitoring and reporting tools, and insufficient customer service and escalation protocols. This isn't Robinhood's first multi-million dollar penalty, as the platform has paid settlements to the New York State Department of Financial Services and the U.S. Securities and Exchange Commission for regulatory violations, and a fine from the Financial Industry Regulatory Authority for failing to protect customers.
California Joins Multiple States in $10 Million Settlement with Robinhood for Failing Investors
The investigation was triggered by platform outages in March 2020 and issues prior to March 2021, causing users to face difficulties in processing trades during stock value fluctuations.
US State Regulators Announce $10M Settlement With Robinhood ‘For Failing Investors’
The California Department of Financial Protection and Innovation said that the company behind cryptocurrency and stock trading platform Robinhood will likely pay more than $10 million in penalties “for operational and technical failures that harmed main street investors.”
Crypto Evening Briefing: FTX To Claw Back $460 Million From SBF-Backed Hedge Fund
Coinbase CEO Brian Armstrong sold Coinbase shares prior to receiving a warning from the Securities and Exchange Commission (SEC)
Crypto Platform Ziglu Courting Buyers After Robinhood Deal Collapses: Report
Crypto platform Ziglu is talking with buyers interested in acquiring it for a lower price following the collapse of its acquisition deal with Robinhood (HOOD), Sky News reported on Thursday.
