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Robinhood Fined $30 Million in Penalty Fees—And This Isn’t The First Time

“Robinhood Markets’ cryptocurrency division was fined $30 million by New York State financial regulators after the online trading platform was accused of violating bank secrecy and anti-money laundering obligations, according to a report filed this morning. As part of the settlement, Robinhood will be required to hire an independent consultant to carry out an evaluation […]