FINRA Orders Record Financial Penalties Against Robinhood

Re:FINRA Orders Record Financial Penalties Against Robinhood by throwaway81523 on Monday July 05, 2021 @02:59AM (#27735293)

tldr: total $70M. Nobody ever goes to jail in these stories.

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Re:FINRA Orders Record Financial Penalties Against Robinhood by JackFr on Monday July 05, 2021 @07:22AM (#27736755)

People don’t go to jail to make people feel good. You can’t deprive people of their liberty without having a specific person, specific actions and a specific law being broken, and allow them to mount a defense of the charges.

On the other hand it’s it’s easy to fine a firm for patterns of behavior.

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Re:FINRA Orders Record Financial Penalties Against Robinhood by EccentricBunny on Monday July 05, 2021 @03:14AM (#27735363)

If their customers are being refunded, it's better than expected.

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Re:FINRA Orders Record Financial Penalties Against Robinhood by eganist on Monday July 05, 2021 @03:59AM (#27735584)

> tldr: total $70M. Nobody ever goes to jail in these stories.

FINRA isn't government.

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Re:FINRA Orders Record Financial Penalties Against Robinhood by chaostheory on Monday July 05, 2021 @04:36AM (#27735758)

Maybe the SEC needs to be more proactive?

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Re:FINRA Orders Record Financial Penalties Against Robinhood by refurb on Monday July 05, 2021 @07:08AM (#27736640)

I thought we had too many people in jail already. You want to add more?

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