Close Menu
Cryprovideos
    What's Hot

    New BTC Layer 2 ICO ‘Bitcoin Hyper’ Raises $500K – Finest New Cryptocurrency to Purchase?

    June 6, 2025

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Breaking: Apple Exploring Crypto Integration

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps
    Robinhood pays M to settle SEC violations over reporting and cybersecurity missteps
    Crypto News

    Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps

    By Crypto EditorJanuary 14, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps

    Robinhood has agreed to pay $45 million in civil penalties to settle costs of securities legislation violations.

    In accordance with a Jan. 13 assertion, this settlement follows an investigation by the US Securities and Trade Fee (SEC) into the actions of its subsidiaries, Robinhood Securities LLC and Robinhood Monetary LLC.

    The penalties embody $33.5 million from Robinhood Securities and $11.5 million from Robinhood Monetary.

    The breaches

    In accordance with Sanjay Wadhwa, Performing Director of the SEC’s Division of Enforcement, Robinhood’s failures spanned a number of important areas, together with inaccurate reporting, poor cybersecurity measures, and insufficient fraud prevention.

    Wadhwa said:

    “At this time’s order finds that two Robinhood corporations failed to watch a broad array of great regulatory necessities, together with failing to precisely report buying and selling exercise, adjust to quick sale guidelines, submit well timed suspicious exercise studies, keep books and information, and safeguard buyer info.”

    The SEC discovered that these corporations didn’t adjust to varied regulatory necessities from 2019 to 2022. Among the many violations had been delays in investigating and reporting suspicious transactions between January 2020 and March 2022.

    Extra breaches included failing to implement adequate protections in opposition to identification theft from April 2019 to July 2022. A cybersecurity weak point, which continued from June to November 2021, additionally led to unauthorized entry to customers’ knowledge.

    The corporations had been additional accused of not sustaining correct information of digital communications, a key regulatory requirement.

    Robinhood Securities confronted extra scrutiny for points associated to fractional share buying and selling, inventory lending practices, and failures in regulatory reporting. To handle these issues, the agency agreed to certify that it has applied measures to stop related violations.

    Each entities admitted to the SEC’s findings and agreed to be reprimanded. Additionally they dedicated to conducting an inner evaluate to strengthen digital communications compliance.

    Robinhood crypto

    Though the current SEC order doesn’t implicate Robinhood’s crypto operations, the agency faces regulatory challenges. Final 12 months, the agency disclosed receiving a Wells discover from the monetary regulator, signaling potential enforcement motion.

    Robinhood’s 2024 report reveals substantial exercise in its crypto phase. As of November 2024, the platform recorded $119 billion in crypto buying and selling quantity and managed $38 billion in digital property beneath custody.

    The corporate additionally revealed that it expanded its crypto choices within the US, including tokens like Solana and Cardano, which pushed the whole variety of accessible digital property within the area to twenty.

    Talked about on this article
    Posted In: US, Regulation



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Breaking: Apple Exploring Crypto Integration

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Trump Crypto Pockets Goes Darkish Following Stop and Desist – Decrypt

    June 6, 2025

    Chaos Erupts Over Unapproved Trump-Branded Crypto Pockets: Right here is the Fact – BlockNews

    June 6, 2025
    Latest Posts

    New BTC Layer 2 ICO ‘Bitcoin Hyper’ Raises $500K – Finest New Cryptocurrency to Purchase?

    June 6, 2025

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Palantir Is Violating Its Personal Rules By Avoiding A Bitcoin Treasury

    June 6, 2025

    Michael Saylor’s Technique ups Bitcoin wager with $1B inventory providing

    June 6, 2025

    Bitcoin Worth Might Drop Beneath $100,000: Right here’s Why It’s Seemingly Regardless of Rising Accumulation

    June 6, 2025

    Bitcoin May Crash by Double-Digit Proportion Factors in a ‘Fast Transfer’ if This Assist Stage Fails, Warns Crypto Dealer – The Each day Hodl

    June 6, 2025

    Bitcoin Bombshell: Ulbricht Donor Linked To AlphaBay Kingpin

    June 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ripple ‘Making Up For Misplaced Time’ After SEC Battle, Says Lawyer

    April 28, 2025

    Binance Launchpool Publicizes Help for New Native Token of Decentralized Fiat Stablecoin Issuer – The Every day Hodl

    November 16, 2024

    One other SEC Departure: Commissioner Lizárraga To Step Down In January

    November 23, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.