lawsuitsettlement
The Securities and Exchange Commission (SEC) charged trading app Robinhood with misleading users about how it makes money and not delivering on its promise of offering the best trade execution. Robinhood has now settled those SEC charges without admitting to or denying the agency’s claims. Q3 2020 hedge fund letters, conferences and more Robinhood settles SEC chargesAccording to CNBC, Robinhood agreed to pay a civil penalty of $65 million to settle the SEC charges. An attorney for the company said the practices "do not reflect Robinhood today." Robinhood is a Silicon Valley start-up that plans...
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Pinterest has settled its gender discrimination lawsuit. Former Chief Operating Officer Francoise Brougher sued the social network in August, alleging retaliation and wrongful termination. Pinterest agreed to pay $22.5 million to settle the gender discrimination lawsuit. Q3 2020 hedge fund letters, conferences and more Pinterest Reaches Agreement In Gender Discrimination LawsuitIn her case, Brougher alleged that Pinterest had a culture of secrecy among its top male executives. She said due to that culture, she was left out of a lot of meetings and major decision-making. Brougher wrote a blog p...
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