Robinhood to pay $70M for 'systemic supervisory failures'

Re:Robinhood to pay $70M for 'systemic supervisory failures' by kevmo on Wednesday June 30, 2021 @02:04PM (#27691656)

lol, 70M. All of these companies always get fines that don't even surpass the amount of money they made off faulty practices.

People need to start going to jail for gross consumer failures.

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Re:Robinhood to pay $70M for 'systemic supervisory failures' by vptr on Wednesday June 30, 2021 @04:09PM (#27692903)

If you send everyone to jail, how are you gonna collect the fines next time lol :D

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Re:Robinhood to pay $70M for 'systemic supervisory failures' by kevmo on Thursday July 01, 2021 @01:37PM (#27701898)

I am talking about the people at the top. They are making calculated bets with their criminality (and look, it keeps working out really well).

Will we be able to replace imprisoned CEOs who knowingly and intentionally perpetrated crimes? I think so. Silicon Valley CEOs are much more replaceable than some would have you believe.

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