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[quote=Anonymous]If you Google “Robinhood app malfeasance” this is what the AI search return spits out:

Robinhood, a stock trading app, has faced multiple incidents of malfeasance, including:

Misleading customers
In 2021, Robinhood was fined $70 million by the Financial Industry Regulatory Authority (FINRA) for misleading customers about their accounts and trading. The fine was the highest ever imposed by FINRA. The investigation found that Robinhood provided false or misleading information to millions of customers, including about their account balances and their ability to trade on margin.

Selling clients' orders
In 2020, the Securities and Exchange Commission (SEC) opened a civil fraud investigation into Robinhood after allegations that it sold clients' orders to high-frequency trading firms. Robinhood settled the claims by paying $65 million to the SEC.

Gamification
In 2024, Robinhood paid $7.5 million to settle allegations that it used "gamification" practices to encourage customers to invest. These practices included offering free stock rewards to new customers, and using push notifications to direct customers to invest in specific lists of stocks.

Data security breach
In 2021, Robinhood settled a class action lawsuit related to a data security breach by paying $20 million. [/quote]

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