![]() ![]() The fine, the largest ever imposed by the Financial Industry Regulatory Authority, which is known as FINRA, was the latest legal punishment for Robinhood. ![]() The company’s initial public offering is expected to be one of the highest profile of the year. The announcement came ahead of Robinhood filing an investment prospectus to go public, which is likely to land later this week, a person with knowledge of the matter said. Robinhood Financial, the online stock-trading app, was fined $70 million by the securities industry’s self-regulator on Wednesday for a series of failures that the agency said hurt Robinhood’s customers.
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