{"id":288840,"date":"2021-07-01T21:24:10","date_gmt":"2021-07-01T18:24:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/facing-70m-in-fines-from-regulators-robinhood-files-for-ipo\/"},"modified":"2021-07-01T21:24:10","modified_gmt":"2021-07-01T18:24:10","slug":"facing-70m-in-fines-from-regulators-robinhood-files-for-ipo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/facing-70m-in-fines-from-regulators-robinhood-files-for-ipo\/","title":{"rendered":"# Facing $70M in fines from regulators, Robinhood files for IPO"},"content":{"rendered":"

“# Facing $70M in fines from regulators, Robinhood files for IPO <\/strong>”
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Stock and cryptocurrency trading app<\/a> Robinhood has filed an application with the U.S. Securities and Exchange Commission for an initial public offering.<\/p>\n

In a Form S-1 registration statement filed Thursday with the SEC, Robinhood said<\/a> it intended to move forward with an initial public offering its Class A common stock. If approved, the company said it plans to trade using the ticker \u201cHOOD\u201d on the Nasdaq and raise $100 million in the debut.<\/p>\n

The trading app had said it was planning to go public last month but postponed the offering to July. The firm has been the subject of an investigation from the U.S. Financial Industry Regulatory Authority, or FINRA, and is reportedly under scrutiny from the SEC as well. <\/p>\n

Related: <\/em><\/strong>Coinbase expects direct listing on April 14<\/em><\/strong><\/p>\n

The IPO announcement comes just one day after FINRA ordered Robinhood to pay roughly $70 million in fines related to its alleged \u201csystemic supervisory failures\u201d and restitution to customers it had allegedly caused \u201cwidespread and significant harm.\u201d<\/p>\n

This story is developing and will be updated.<\/em><\/p>\n