Georgia is part of a multi-state settlement with financial services company Robinhood that will allow investors in the state to recoup losses suffered due to “operational and technical failures by the widely known securities trading platform.” Secretary of State Brad Raffensperger made the announcement Thursday, stating that the settlement with Robinhood Financial, LLC stems from a joint investigation spearheaded by multiple state securities regulators, coordinated through the North American Securities Administrators Association (NASAA).

“Georgians work hard to earn their paychecks and invest wisely,” said Raffensperger. “Platforms that operate in Georgia must have the highest safeguards in place. If they fail to protect the investments of hardworking Georgians, we’re going to make sure those losses are returned.” 

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