Robinhood Settles With SEC For $45 Million In Civil Penalties

Quick Summary:

Robinhood Markets has agreed to pay $45 million to settle its cases filed by the US Securities and Exchange Commission (SEC).

In a document shared by the agency, Robinhood Markets violated rules on blue sheet filing, identity theft, and suspicious activity reporting, including a 2021 data breach that exposed customers’ data.

Robinhood has been a popular choice among retail investors due to its user-friendly interface and commission-free trading model.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryHong Kong

Topics: Crypto Robinhood Robinhood Markets News SEC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 14:30:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25154857

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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