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.
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 Is Fined $45 Million Over a New Set of Securities Violations
The upstart brokerage agreed to pay the Securities and Exchange Commission for failing to protect sensitive customer data, among other infractions.
Robinhood to pay $45M fine to settle securities law violations by broker-dealers
Robinhood, a disruptive force in the market for Main Street investors but also a serial offender of securities laws, will pay a total of $45 million to settle numerous violations of SEC rules and regulations by two of its broker-dealers.
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Shares of Robinhood Markets (NASDAQ: HOOD) were gaining today after the company agreed to pay $45 million to settle claims ...
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 ...
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