Robinhood has consented to a 29.75 million USD settlement by the Financial Industry Regulatory Authority (FINRA) due to failing to manage compliance properly. This amount comprises a 26 million USD fine and 3.75 million USD in restitution, primarily for not responding to notable misconduct red flags.

FINRA highlighted Robinhood’s insufficient supervision, allowing issues such as unverified accounts and manipulated trades. These findings also reflect shortcomings in its Anti-Money Laundering program and handling of promotions that misled investors, representing significant breaches of regulatory expectations.