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The regulator is alleging that the Silicon Valley brokerage company misled investors.
Robinhood Financial LLC, a Silicon Valley brokerage company founded by two Stanford University grads, Vladimir Tenev and Baiju Bhatt, will pay $65 million to settle charges that it misled its investors by making “material misrepresentations and omissions,” according to a cease-and-desist order from the U.S. Securities and Exchange Commission (SEC). Robinhood Financial “provides online and...
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