(Reuters) – Robinhood Markets, the online trading platform, agreed to pay $29.75 million to resolve several Financial Industry Regulatory Authority probes into its supervision and compliance practices, including failing to respond to red flags of potential misconduct, the brokerage regulator said on Friday.
The settlement includes a $26 million civil fine and $3.75 million of restitution to customers.
(Reporting by Jonathan Stempel in New York)
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