FINRA fined Robinhood app $1.25 million for fraudulent practices

FINRA fined Robinhood app half a million dollars ($1.5M) after it found violations related to execution processes. The famous investment app offers commission-free services to traders. FINRA found that the execution price on the app was not updated properly, thereby causing price-related disruptions to the users. The equity orders were not being represented in honesty, which caused undue trouble to the traders while placing equity orders. The FINRA considers the best execution price as the prerequisite to delivering quality trading services to users. FINRA fined Robinhood for failing to supervise the price-related execution processes. FINRA fined Robinhood app for trading