Robinhood Crypto Fined $30 Million by New York Regulator, Cuts 23% of Its Workforce

Robinhood Crypto Fined $30 Million by New York Regulator, Cuts 23% of Its Workforce

Photo: Oliver Douliery (Getty Images) Robinhood, the self-proclaimed ‘Democratized Finance’ app accused of misleading and ripping off retail investors will have to cough up another $30 million to appease regulators. That raises the company’s overall regulatory penalty and settlement tab well above $100 million. In a filing Tuesday, the New York State Department of Financial …

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