Robinhood Stock Slips on $29.75M in FINRA Fine, Restitution Payments
1. Robinhood fined $26 million by FINRA for regulatory violations. 2. Company to pay an additional $3.75 million in customer restitution. 3. Shares fell 7% in pre-market trading following the announcement. 4. Current share price down over 30% from February's peak of $65.28. 5. Robinhood claims to have resolved historical compliance issues since 2014.