Online trading firm Robinhood has agreed to pay $45 million to settle SEC charges over record keeping, trade reporting and other rule violations.

Robinhood settles for $45M with SEC over cybersecurity, communication, and trading violations. Fines were imposed on both entities.

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.

Online trading firm Robinhood Markets has agreed to pay $45 million to settle charges from the US Securities and Exchange Commission (SEC) stemming from a series of regulatory violations concerning recordkeeping,

Broker agrees $45mn settlement as part of data breach while Blackstone and KKR among those penalised by US regulator

Two brokerage units of Robinhood Markets agreed to pay $45 million to settle an investigation by the Securities and Exchange Commission into a range of alleged violations, including one stemming from a 2021 data breach that exposed millions of customer names and emails.

The Securities and Exchange Commission on Monday said two related Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges that they violated more than 10 separate securities law provisions related to their brokerage operations.

Two units of Robinhood Markets Inc. agreed to pay $45 million in civil penalties to settle a range of US Securities and Exchange Commission allegations, the regulator said Monday.