June 5, 2021
The fine does not fit the crime. Robinhood made $331 million from pay for order flow in the first quarter of 2021. A $65 million fine is a slap on the wrist and what would be considered by many firms as a cost of doing business.
Please consider a more suitable punishment otherwise history will repeat itself. It's already repeating itself. This is not a first for Robinhood.
Please, do your job and protect the markets from predatory firms like Robinhood. With such petty fines as stated you are an enabler of these predatory acts on retail investors.