financetom
Business
financetom
/
Business
/
Robinhood reaches $3.9 million settlement with California over crypto withdrawals
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Robinhood reaches $3.9 million settlement with California over crypto withdrawals
Sep 6, 2024 12:45 PM

(Reuters) - A cryptocurrency platform run by Robinhood Markets ( HOOD ) will pay $3.9 million for failing to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.

The settlement with Robinhood Crypto also resolves claims that the platform failed to fully disclose aspects of its trading and order handling arrangements.

Bonta said the civil settlement marks his office's first public action against a cryptocurrency company.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Lowe's Raises Quarterly Dividend by 5% to $1.15 a Share, Payable Aug. 7 to Shareholders of Record as of July 24
--Lowe's Raises Quarterly Dividend by 5% to $1.15 a Share, Payable Aug. 7 to Shareholders of Record as of July 24
May 31, 2024
09:27 AM EDT, 05/31/2024 (MT Newswires) -- Price: 216.62, Change: +1.16, Percent Change: +0.54 ...
Nvidia Isn't the Only Way to Play AI
Nvidia Isn't the Only Way to Play AI
May 31, 2024
09:23 AM EDT, 05/31/2024 (MT Newswires) -- Nvidia ( NVDA ) remains the dominant play in AI in the near-term, but there are other ways to play the AI story, according to The Compound and Friends podcast on Friday morning. Host Josh Brown says Nvidia ( NVDA ) will become larger than Apple ( AAPL ) on a market...
Johnson & Johnson Closes Acquisition of Shockwave Medical
Johnson & Johnson Closes Acquisition of Shockwave Medical
May 31, 2024
09:26 AM EDT, 05/31/2024 (MT Newswires) -- Johnson & Johnson ( JNJ ) said Friday that it has closed its acquisition of Shockwave Medical, which it said will operate as a business unit within Johnson & Johnson MedTech. The transaction is anticipated to dilute adjusted earnings per share by about $0.10 in 2024 and $0.17 in 2025 considering the impact...
Gilead's Trodelvy Fails To Hit Primary Goal In Late-Stage Study With Most Common Type Of Bladder Cancer
Gilead's Trodelvy Fails To Hit Primary Goal In Late-Stage Study With Most Common Type Of Bladder Cancer
May 31, 2024
On Thursday, Gilead Sciences Inc ( GILD ) announced topline results from the confirmatory Phase 3 TROPiCS-04 study in locally advanced or metastatic urothelial cancer (mUC). The TROPiCS-04 study evaluated Trodelvy (sacituzumab govitecan-hziy; SG) vs. single-agent chemotherapy (treatment of physicians’ choice, TPC) in patients with mUC who have previously received platinum-containing chemotherapy and anti-PD-(L)1 therapy. Also Read: Gilead’s Aggressive Push Beyond...
Copyright 2023-2026 - www.financetom.com All Rights Reserved