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Robinhood Settles With Vermont for $640,000 Over Outages



Photographer: Tiffany Hagler-Geard/Bloomberg
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Robinhood Markets Inc. reached a $640,000 settlement with Vermont regulators over outages on the brokerage’s trading platform and lax supervision of accounts.

The firm is still grappling with the fallout from a series of disruptions on its brokerage app in March 2020, when trading volumes surged at the onset of the pandemic. The Vermont Department of Financial Regulation said at least 40 customers in the state complained to the regulator or Robinhood, according to a statement Thursday.