California AG Reaches $3.9M Settlement with Robinhood Crypto Over Alleged Historical Violations (2018-2022)

The investigation into California’s body

It’s old

The California Department of service

The use of a fact not disclosed to customers

As part of the settlement, Robinhood agreed to several conditions aimed at protecting consumers:

  1. Withdrawals: Robinhood must allow customers to transfer cryptocurrency to external wallets, addressing the issue of customers being forced to sell back to the platform.
  2. Transparency: Robinhood is required to ensure its public representations align with its actual trading practices, including disclosing how orders are handled and how prices are determined.
  3. Custody of Assets: Robinhood must update its Customer Agreement to disclose potential delays in settling with trading venues during network security concerns and report any incidents of delayed settlement longer than a week.

The shortlabsolutely everything, and this resolves the Attorney General’s, but not necessarily working

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2024-09-05 07:57