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.
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.
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 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 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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