The SEC is useless.

$70M is 0.625% of the conservative value of Robinhood[1] as of a year ago. That means they have over 99.375% of value remaining to work with. How is this not simply treated as "cost of doing business" in the finance world? They should be putting execs in prison when the law is blatantly broken.

Then they expect younger generations to blindly trust the finance system. Time is ripe for millennials to cash in their 401ks and find a new place to put it....where sticky hands can't touch it.

[1] https://edition.cnn.com/2020/08/17/investing/robinhood-tradi...