A multistate investigation of the problems in 2020 cited Robinhood for technology failures as well as lack of diligence in approving options trading.
Finra's action was another by the broker-dealer self-regulator that targets a best-execution failure by a member firm.
The SEC enforcement action is another example of the agency's increased scrutiny of wrap-fee programs.
Critics say proposals that target payment for order flow try to do too much, too fast, and conflict with rules in place that are working.
Each of the measures failed to get enacted in the previous Congress. The tax bill starts off with just GOP support, while the other two come out of the gate with bipartisan backing.
Secretary of the Commonwealth William Galvin, one of the most aggressive state regulators, has issued a subpoena, his spokesperson said.
GOP members of an appropriations subcommittee argue against the agency's request for an increase in its funding.
Finra arbitrators ruled on the estate's claim that Morgan Stanley ignored rules laid out by a court for how funds in the estate were to be handled.
The agency's examinations found programs weren't tailored to business models and were inadequately funded.
The commissioner characterizes SEC Chair Gensler's agenda as seeking dramatic regulatory change over 'huge swaths of the market,' while his predecessor, Jay Clayton, was more incremental.
