Skip to main content
Robinhood Settles SEC Charges with $45 Million Payment
Image Credits: The image is sourced from https://techcrunch.com
2 years ago

Robinhood Settles SEC Charges with $45 Million Payment

Global

News Summary

Robinhood Markets Inc. has agreed to pay $45 million to resolve various allegations by the U.S. Securities and Exchange Commission (SEC). The settlement involves two of its brokerage units, Robinhood Securities and Robinhood Financial, which were accused of failing to protect customer information and not implementing adequate measures against identity theft. The SEC also charged these units with not adhering to several regulatory requirements, including accurate trading activity reporting and compliance with short selling regulations. This settlement does not address any issues related to cryptocurrency.

Story Coverage

Brand Logotechcrunch.com

Robinhood agrees to pay $45M in SEC settlement

Read Full Article →
Brand Logonews.bloomberglaw.com

Robinhood to Pay $45 Million to Settle SEC Claims - Bloomberg Law News

Read Full Article →
Brand Logoreuters.com

Robinhood to pay $45 million to settle SEC charges over record keeping ...

Read Full Article →
Brand Logomsn.com

Robinhood broker-dealers to pay $45M SEC settlement over range of ...

Read Full Article →
Brand Logocnbctv18.com

Robinhood to pay $45 million to settle SEC claims - CNBC TV18

Read Full Article →