Robinhood Is In Talks With FINRA To Settle March 2020 Probe Into Options And Outages
Tyler Durden, Zero Hedge, 26 February 2021
At the center of the investigation was how Robinhood displays cash balances and buying power to its customers and the process that it undertakes to vet and approve traders for options trading.
Robinhood noted the talks in a filing made on Friday, stating: “We have accrued in our statement of financial condition for the year ended December 31, 2020 of $26.6 million representing the bottom of the range of our probable losses. We cannot predict, however, whether these discussions will result in a resolution of these matters.”
