ASX falls on first day of new financial year, Robinhood gets record fine for harming millions of customers

ABC | Jun 30, 2021 at 11:55 PM
  • The Financial Industry Regulatory Authority (FINRA) ordered Robinhood to pay a record $US70 million ($93 million) to compensate millions of customers who received false and misleading information, were affected by systems outages, and thousands of customers who were approved to trade options even when it was not appropriate for them to do so.
  • Shares in Chinese ride-sharing giant Didi soared by more than one quarter in early trade on the New York Stock Exchange to a total value of as much as $US80 billion ($107 billion).
  • For the quarter, the S&P 500 rose 8.2 per cent, the Dow Jones index gained 4.6 per cent, while the Nasdaq increased 9.5 per cent.