Robinhood Crypto fined $30m by New York regulator and cuts 23% of its workforce

Robinhood Crypto fined $30m by New York regulator and cuts 23% of its workforce

Photo: Olivier Douliery (Getty Images) Robinhood, the self-proclaimed “Democratized Finance” application accused deceiving and scamming retail investors will have to shell out another $30 million to appease regulators. This brings the company’s overall regulatory fine and settlement tab well over $100 million. In a deposit On Tuesday, the New York State Department of Financial Services …

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