Robinhood agrees to pay $45 million to settle SEC charges over trading and security lapses.

Robinhood has agreed to pay a $45 million penalty to settle charges by the SEC for multiple violations, including failing to report suspicious trading, lacking adequate identity theft protections, and not addressing unauthorized access to its systems. The violations also included basic record-keeping errors and issues with preserving customer communications. While Robinhood acknowledged most issues are historical, the company plans to continue innovating for its customers.

2 months ago
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