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A Wall Avenue regulator has ordered the retail buying and selling platform Robinhood to pay greater than $70m in penalties for inflicting what it described as “widespread and important” hurt to its clients.

The Monetary Business Regulatory Authority (Finra) introduced on Wednesday that it was fining Robinhood $57m and ordering it to pay $12.6m plus curiosity in restitution to its clients—the most important penalty ever ordered by the regulator.

Amongst a litany of failures alleged by Finra, widespread technical issues on the platform during times of excessive volatility price some merchants tens of 1000’s of {dollars}, it stated.