Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

Robinhood Settles With Vermont Regulators Over Outages

Posted on March 21st, 2022 at 1:22 PM
Robinhood Settles With Vermont Regulators Over Outages

From the Desk of Jim Eccleston at ÍøÆØ³Ô¹Ï:

Robinhood Markets Inc. has agreed to a $640,000 settlement with Vermont regulators over recent outages on Robinhood’s trading platform as well as inadequate supervision of accounts.


Robinhood continues to face regulatory scrutiny relating to outages on its trading platform in March 2020, when volatility skyrocketed at the beginning of the pandemic. According to a statement from the Vermont Department of Financial Regulation, at least 40 customers across the state complained to the regulator or Robinhood.


Vermont regulators additionally found that Robinhood’s automated process for approving customer applications failed to accurately determine whether clients should be permitted to engage in advanced options and margin trading. Robinhood’s stock has fallen nearly 64% since the firm’s initial public offering (IPO) in July 2021.


ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

 
 

Tags: eccleston law, stocks, robinhood

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.

LATEST NEWS AND ARTICLES

1778521728 Law
May 11, 2026
Private Credit Funds Face Rising Redemptions and Valuation Scrutiny

Investor pressure on private credit funds continues to intensify as redemption requests increase and concerns emerge over how firms value underlying loan portfolios.

1778517375 Law
May 11, 2026
SEC Reports Decline in Enforcement Actions as Leadership Refocuses on Investor Harm

The U.S.

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.