Turning the Page: Robinhood Resolves Gamification Scandal with $7.5M Settlement and Comprehensive Policy Overhaul
Robinhood settles with Massachusetts securities regulator, agreeing to a $7.5 million penalty and revising digital engagement policies. The resolution addresses allegations of gamifying trading and misleading inexperienced investors. The settlement requires changes to practices, including the cessation of certain gamification elements, emphasizing investor protection and cybersecurity.
Xu Lin