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   Is Robinhood a scam?

   • Employment scams are also on the rise, where scammers direct you to Robinhood to facilitate business transactions. Scammers posing as recruiters will direct individuals to establish accounts at Robinhood and receive funds from typically stolen bank accounts or other illicit activity.

   How to identify and report scams | Robinhood

   robinhood.com/us/en/support/articles/how-to-identify-and-report-scams/

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   Should Robinhood pay $70 million?

   • But users should be careful Robinhood must pay $70 million for misleading customers, approving risky trades and not preventing system outages that cost customers millions of dollars.

   Robinhood to pay $70 million after causing users 'significant harm' - CN…

   www.cnbc.com/2021/06/30/robinhood-to-pay-70-million-dollars-after-causing-users-significant-harm.html

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   Does Robinhood rip off investors?

   • In short, the Securities and Exchange Commission has the job of ensuring that companies like Robinhood are not ripping off investors. However, they also make sure that companies do not lie to stock markets. Additionally, the company guarantees your money.

   Is Robinhood a Scam? Are They Legit? (Here are ... - Wall Street Survivor

   www.wallstreetsurvivor.com/is-robinhood-a-scam/

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   Does Robinhood have a customer service problem?

   • FINRA’s investigation found that Robinhood’s customer service issues go back much further. Between 2018 and 2020, for example, Robinhood failed to report tens of thousands of customer complaints to FINRA that it was required to report, the organization says.

   Robinhood to pay $70 million after causing users 'significant harm' - CN…

   www.cnbc.com/2021/06/30/robinhood-to-pay-70-million-dollars-after-causing-users-significant-harm.html

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2. robinhood.com › how-to-identify-and-report-scamsHow to identify and report scams | Robinhood

   robinhood.com › how-to-identify-and-report-scams

   • Cached

   Investment scams: These are those “low investments and huge returns” scenarios, where people are tricked into investing money with promises of high returns, without financial risk. Lottery and sweepstakes scams : Scammers will often inform you that you’ve won a prize through a lottery or sweepstakes, and require you to pay an upfront fee ...

3. www.cnbc.com › 2021/06/30 › robinhood-to-pay-70Robinhood to pay $70 million after causing users 'significant ...

   www.cnbc.com › 2021/06/30 › robinhood-to-pay-70

   Jun 30, 2021 · Popular investing platform Robinhood has agreed to pay nearly $70 million to the financial industry regulatory authority (FINRA) to settle allegations that the brokerage caused customers...

   • Author: Alicia Adamczyk

   • Video Duration: 9 min

4. www.nerdwallet.com › investing › brokersRobinhood Review 2024: Pros, Cons and How It Compares

   www.nerdwallet.com › investing › brokers

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   May 6, 2024 · The complaint also states that many Robinhood users were given access to advanced — and risky — options trading products, even when they identified as having no or limited investment experience.

   • 4.3/5

   • Brand: Robinhood

5. Videos

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     Robinhood is a SCAM! | How Robinhood Stole $20,000 From Me | Stop Using Robinhood to Trade Stocks

     Feb 1, 2023

     10.8K Views

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     26:05

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     Robinhood Investing For Beginners In 2024 | FULL Tutorial

     Feb 4, 2024

     45.8K Views

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     29:00

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     Robinhood Investing for Beginners - Full Tutorial - What you Need to Know!

     May 14, 2021

     581.9K Views

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6. www.nytimes.com › 2021/06/30 › technologyRobinhood is fined $70 million over misleading customers and ...

   www.nytimes.com › 2021/06/30 › technology

   Jun 30, 2021 · Robinhood Financial, the online stock-trading app, was fined $70 million by the securities industry’s self-regulator on Wednesday for a series of failures that the agency said hurt...

7. www.brokerage-review.com › article › legitimateIs Robinhood Legit, Safe, or a Scam? (2024) - Brokerage Reviews

   www.brokerage-review.com › article › legitimate

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   • Most Notable Features
   • Robinhood Pros
   • Robinhood Cons

   Stock lending

   Fractional shares

   Instant deposits

   Zero-commissions

   See full list on brokerage-review.com

   Mobile-friendly broker makes investing easy

   Simplified (some say game-like) approach to investing

   Zero-commission pricing structure makes investing ‘cheap.’

   Cryptocurrency access with a crypto wallet

   See full list on brokerage-review.com

   Lacks a dedicated trading platform

   Some may be uncomfortable with the Payment for Order Flow business plan

   Some popular investment vehicles are not available

   See full list on brokerage-review.com

   • 4/5

8. www.wallstreetsurvivor.com › is-robinhood-a-scamIs Robinhood a Scam? Are They Legit? (Here are the Facts)

   www.wallstreetsurvivor.com › is-robinhood-a-scam

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   Mar 24, 2023 · Absolutely not! Since 2013, Robinhood has grown into a household name with millions of investors. The primary focus of Robinhood is to make the stock market simple. But how does Robinhood make the stock market simple? Robinhood lets people move money with elegantly designed systems and apps. The payoff?

9. www.cnet.com › personal-finance › bankingRobinhood App's $20 Million Data Breach Settlement: Who Is ...

   www.cnet.com › personal-finance › banking

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   Sep 28, 2022 · Dan Avery. Sept. 28, 2022 10:08 a.m. PT. 5 min read. Robinhood users whose accounts were accessed by unauthorized users are eligible for hundreds of dollars. Spencer Platt/Getty Images.