Regulator FINRA says Robinhood did not offer enough oversight for risky options trading strategies.

According to a recent regulatory action by the Financial Industry Regulatory Authority (FINRA), Robinhood Financial “failed to exercise its due diligence before approving customers to place options trades.” Faulty algorithms allegedly approved investors for options trading even though Robinhood should have flagged these investors as ineligible based on their experience…

Jonathan Kurta, Esq.

Jonathan Kurta is a founding partner at Kurta Law, a national law firm representing investors who lost money due to broker misconduct.

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