Robinhood was ­co-founded in 2013 by Vladimir Tenev, above, and Baiju Bhatt, two physics students who met at Stanford University. The US Securities and Exchange Commission is investigating Robinhood Markets, the Californian financial technology company, over its deals with high-speed trading businesses. The brokerage could be forced to pay a fine of more than $10 million if it reaches a settlement with the American financial watchdog. News of the investigation emerged only two days after Bloomberg reported that both the SEC and America’s Financial Industry Regulatory Authority were investigating Robinhood and its handling of a day-long service outage in March. Consumer protection agencies received more than 400 complaints about the company

Source: The Times September 02, 2020 23:06 UTC