Robinhood to Settle SEC Charges of ‘Broad Array' of Violations
Robinhood(HOOD) PYMNTS.com·2025-01-14 09:11
The Securities and Exchange Commission (SEC) said Monday (Jan. 13) that two Robinhood broker-dealers have agreed to pay $45 million in combined civil penalties to settle charges that they failed to observe a “broad array” of regulatory requirements.Robinhood Securities agreed to pay a $33.5 million penalty, while Robinhood Financial agreed to pay a $11.5 million penalty, the SEC said in a Monday press release.In addition, both companies admitted certain findings in the order, agreed to be censured and agree ...