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Robinhood Settles S.E.C. Charges Over Misleading Customers



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The Securities and Exchange Commission on Thursday said that Robinhood, the stock trading app, had misled its customers about how it was paid by Wall Street firms for passing along customer trades, the latest enforcement action against the popular platform.Robinhood agreed to pay a $65 million fine to settle the charges, the latest blow to the company whose popularity has surged since its founding, offering commission-free trading and an easy-to-use app. Critics have said that the company relied on practices that hurt its rapidly growing base of customers, who tend to be younger and less experienced.The charges announced on …

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