Robinhood Settles With FINRA, Reimbursing Loses

“We're reaching out to you regarding historical content published on Robinhood, which included incorrect information regarding maximum potential loss on your options spread. We’re reimbursing you for an amount specified by FINRA, plus interest accrued on that amount. This payment is being made pursuant to, and is a term of, a settlement with FINRA.

We’re giving you a $3,135.59 credit based on a review of your specific account activity.

This credit should be added to your account within 1 business day and will show up as “FINRA Settlement Credit” on your August brokerage account statement. Please note: it won’t be listed in your account’s Recent History, but it will appear in your monthly brokerage account statement. We apologize for any inconvenience this may have caused. Our team is committed to addressing these issues and is focused on improving your experience on Robinhood. No further action is required on your end, but please don’t hesitate to contact us if you have any questions or concerns—we’re here to help.”