SEC charges Robinhood with securities violations, brokerage to pay $45 million penalty

SEC plans rules to buoy confidence

The Securities and Exchange Commission (SEC) is preparing to issue stock pledging regulations and review the uptick rule to control short selling within the first quarter of this year.

Robinhood hits highest level since August 2021

Shares of free stock-trading app Robinhood Markets, Inc., are up roughly 15% in the last two trading sessions....

Robinhood pays biggest fine among more than $100mn imposed by SEC

Broker pays $45mn while Blackstone and KKR also among those penalised by US regulator

Robinhood To Pay SEC $45 Million In Charges Over Short Sale Violations

Robinhood will now pay the SEC $45 million in charges over short sale violations, along with other trading and reporting failures.

Robinhood agrees to pay $45M in SEC settlement

Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with […] © 2024 TechCrunch. All rights reserved. For personal use only.

Robinhood to Pay $45 Million SEC Settlement Over Data Breach, Other Violations

The settlement is the latest in a string of big penalties paid by Robinhood as it has grown from a disruptive startup into a more established financial firm.