Financial Services Financial Services

Comment: Finra's record Robinhood fine, imposed with US SEC's Gensler in mind, likely to make little dent in firm's finances, experts say

By Neil Roland
  • 01 Jul 2021 15:25
  • 01 Jul 2021 16:04
Finra’s record fine against Robinhood Financial yesterday showed an awareness that stiff enforcement winds are starting to blow under Securities and Exchange Commission Chairman Gary Gensler, with other penalties against senior officers — including the firm’s CEO, Vlad Tenev — possibly looming, securities law experts said.
But the nearly $70

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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