June 5, 2021
What Robinhood did in January shows how reckless and non transparent they are as a company. Vlad lied to their clients during the February congressional hearing (https://youtu.be/j0CSzev8T4Q) and to this day, Robinhood still limits trading/selling of volatile assets on their brokerage app (they halted dogecoins trading last month when it spiked).
I believe Robinhood deserves to pay a much higher fine than 65 million. Someone should go to jail. Someone needs to go to jail. A slap on the wrist is NOT ENOUGH.
A lot of people all around the world is witnessing how crooked American financial companies are and how weak regulatory institutions are when it comes to enforcing rulings and laws. Finra fines law-breakers pennies whenever it sees companies naked shorting on a massive scale. This needs to stop.