ROBINHOOD MARKETS AGREES TO PAY $65MN TO SETTLE SEC ALLEGATIONS

Highlights

• U.S. Securities and Exchange Commission had alleged Robinhood of not informing its clients properly that it had sold their stock orders to high-frequency traders and other financial firms

• Along with paying $65 million, Robinhood also gave nod to have an outside consultant to keep an eye on its compliance with rules that require firms to provide best execution for trades

• The CEO of R....