Robinhood to pay $45 million to settle SEC charges over recordkeeping, other violations
Online trading firm Robinhood has agreed to pay $45 million to settle SEC charges over record keeping, trade reporting and other rule violations.
Trump’s SEC should be good for Robinhood. The platform’s latest SEC settlement is proof of that.
Robinhood recently announced that it’s agreed to pay $45 million in fines to the U.S. Securities and Exchange Commission. While that may seem like a lot sum to some, it may actually represent a turning of the page for the investing platform.
Robinhood Agrees to $45 Million SEC Settlement Over Past Violations
Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading slightly higher in the premarket session on Tuesday. The U.S. Securities and Exchange Commission (SEC) announced that Robinhood Securities LLC and Robinhood Financial LLC will pay a combined $45 million in civil penalties to settle a series of regulatory violations.
Robinhood broker-dealers to pay $45M SEC settlement over range of violations
The U.S. Securities and Exchange Commission said Monday that two broker-dealers owned by Robinhood Markets (NASDAQ:HOOD) have agreed to a $45M settlement to resolve charges of violating a slew of securities law provisions.
Robinhood to pay $45M to settle SEC charges
Robinhood Securities will pay $33.5 million and Robinhood Financial will pay $11.5 million to settle a variety of charges, including recordkeeping and cybersecurity violations.
Robinhood to Pay $45 Million SEC Settlement Over Data Breach, Other Violations
Millions of customer names and emails were exposed by a 2021 hack.
Robinhood To Pay $45 Million To Settle SEC Claims
Two Robinhood units failed to report suspicious activity and preserve communications records, the agency said.
Robinhood to pay $45M to resolve range of SEC claims
The Securities and Exchange Commission announced that broker-dealers Robinhood (HOOD) Securities LLC and Robinhood Financial LLC have agreed to
Robinhood pays SEC $45 million to settle a range of allegations
The SEC didn’t hold back in detailing Robinhood’s failures. Between 2019 and 2023, the company fell short on several federal compliance requirements.
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