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Robinhood is facing a corporate backlash against its free stock program and regulators are circling

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Regulators are looking into Robinhood's practice of offering new users free shares, according to the Wall Street Journal.

In August, the NYSE adopted a rule stopping brokers from seeking compensation for documentation costs when shares are given away for free, though this does not directly apply to Nasdaq-listed Robinhood.
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Get Pottery Barn's signature family-friendly furniture & décor for your home. Get your home festive ready well ahead of time with a special...