Robinhood Pays a $29.75 Million Fine – the Stock Plummets, but ARK Capitalizes on the low

Robinhood under pressure: The online broker pays a fine of $29.75 million due to compliance violations, while the stock drops by nearly 20%. ARK Invest increases holdings: Despite the price plunge, Cathie Wood bets on Robinhood's long-term growth and boosts her positions. The online broker Robinhood has reached an agreement with the US financial regulator FINRA to pay a fine of $29.75 million to settle several investigations into compliance and oversight deficiencies. According to FINRA, the amount consists of a civil penalty of $26...