Robinhood Faces the Wrath of NYDFS, Fined $30 Million

The post Robinhood Faces the Wrath of NYDFS, Fined $30 Million appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide The Wall Street Journal (WSJ) reported on […]

The post Robinhood Faces the Wrath of NYDFS, Fined $30 Million appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The Wall Street Journal (WSJ) reported on Tuesday that The New York State Department of Financial Services (NYDFS) has fined the online brokerage Robinhood’s cryptocurrency trading division $30 million for alleged violations of anti-money laundering (AML) and cybersecurity standards (Aug. 2). Before the firm went public, Robinhood revealed the investigation in a filing with the …