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.