Summary: U.S. state regulators investigated Robinhood after the retail trading platform suffered outages in March 2020. Regulators from California, Alabama, Colorado, Delaware, New Jersey, South Dakota, and Texas worked together on the probe before the $10.2 million fine was issued. The platform’s regulatory fines exceed $170 million since 2020 after settlements with the SEC, FINRA, and New York’s Department of Financial Services. U.S. state securities regulators issued a $10.2 million penalty to crypto and stock trading app Robinhood after claiming
