
Robinhood’s Crypto Division Fined $30M by New York Financial Regulator
Anti-Money Laundering, Cryptocurrency, Cybersecurity, FINRA, Robinhood
August 2, 2022
The New York State Department of Financial Services (NYDFS) fined the crypto trading unit of Robinhood (HOOD) $30 million for alleged violations of anti-money laundering and cybersecurity regulations. The Wall Street Journal first reported on the fine on Tuesday. “As its business grew, Robinhood Crypto failed ...Read More