The post Robinhood Faces $45M SEC Penalty for Regulatory Violations appeared first on Coinpedia Fintech News
Robinhood has agreed to pay $45 million in civil penalties to the U.S. Securities and Exchange Commission (SEC) for breaching multiple securities regulations. The settlement involves Robinhood Securities LLC and Robinhood Financial LLC, which admitted to certain findings in the SEC’s investigation. The SEC cited failures in maintaining electronic records, timely reporting suspicious activity, and …
