Close Menu
Cryprovideos
    What's Hot

    ZETA NETWORK GROUP (NASDAQ: ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE | UseTheBitcoin

    October 15, 2025

    These Bitcoin, Ethereum and XRP ETFs Plan to Supply 5X Leverage – Decrypt

    October 15, 2025

    Thiel-backed Erebor wins US approval as Silicon Valley Financial institution rival emerges

    October 15, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Robinhood to Pay $45 Million in SEC Settlement Over Regulatory Failures
    Robinhood to Pay  Million in SEC Settlement Over Regulatory Failures
    Crypto News

    Robinhood to Pay $45 Million in SEC Settlement Over Regulatory Failures

    By Crypto EditorJanuary 14, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Robinhood to Pay $45 Million in SEC Settlement Over Regulatory Failures

    The Securities and Change Fee (SEC) has introduced that Robinhood Securities LLC and Robinhood Monetary LLC can pay a mixed $45 million in civil penalties to settle numerous fees associated to their brokerage operations. 

    The costs stem from a collection of regulatory failures by the 2 companies, together with violations of reporting and recordkeeping necessities, cybersecurity failures, and different compliance points.

    SEC Cites Robinhood for A number of Violations in Buying and selling and Compliance

    In accordance with the SEC’s assertion on January 13, Robinhood’s violations spanned a number of areas. 

    “Right this moment’s order finds that two Robinhood companies 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 stories, keep books and information, and safeguard buyer data,” SEC official Sanjay Wadhwa mentioned. 

    Between January 2020 and March 2022, the agency did not file well timed suspicious exercise stories. This resulted in delays in investigating suspicious transactions. Moreover, from April 2019 to July 2022, Robinhood didn’t implement satisfactory insurance policies to guard clients from id theft. 

    The SEC mentioned a cybersecurity vulnerability uncovered consumer information between June and November 2021, when a third-party hacker gained unauthorized entry to data associated to hundreds of thousands of customers.

    The SEC additionally discovered that Robinhood violated guidelines relating to sustaining digital communications and safeguarding operational information. The agency did not retain key communications with clients between 2020 and 2021. Robinhood apparently didn’t retailer vital brokerage information as required by federal legal guidelines.

    Robinhood was additionally cited for failing to supply correct securities buying and selling data for over 5 years, which is required for the SEC’s oversight of market actions.

    Along with these points, the SEC discovered that Robinhood Securities violated Regulation SHO, which addresses short-selling practices. Between Might 2019 and December 2023, Robinhood Securities failed to satisfy regulatory necessities associated to close-outs, order-marking, and finding shares for brief gross sales.

    Each Robinhood Monetary and Robinhood Securities have admitted to the SEC’s findings. The brokers have agreed to inner audits and remediation plans to deal with these issues. 

    Robinhood Securities can pay a $33.5 million penalty, whereas Robinhood Monetary can pay $11.5 million. As a part of the settlement, Robinhood has agreed to enhance its compliance efforts.

    Lately, Robinhood paid $3.5 million in fines for denying clients entry to crypto holdings and deceptive practices. The investigation was performed by the California Division of Justice.

    Disclaimer

    In adherence to the Belief Venture pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nevertheless, readers are suggested to confirm details independently and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material. Please be aware that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Information Right now: Ripple Expands World Crypto Custody Community to Africa with Absa Financial institution Deal

    October 15, 2025

    Yuga Labs Picks OpenSea As Its Official NFT Market

    October 15, 2025

    US Crypto Information: ETFs Simply Hit a New Document, And Its Bullish

    October 15, 2025

    Binance Rejects Itemizing Bribery Claims, Calls Allegations “False and Defamatory” — Right here Is the Full Story – BlockNews

    October 15, 2025
    Latest Posts

    ZETA NETWORK GROUP (NASDAQ: ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE | UseTheBitcoin

    October 15, 2025

    These Bitcoin, Ethereum and XRP ETFs Plan to Supply 5X Leverage – Decrypt

    October 15, 2025

    Compute Energy: The twenty first Century Funding Commodity for AI & Bitcoin

    October 15, 2025

    Bitcoin and Ethereum ETFs Recuperate Momentum on Charge-Minimize Hypothesis

    October 15, 2025

    Bitcoin Mining Shares Are Ripping: BTDR, CIFR, IREN And CLSK Amongst Winners

    October 15, 2025

    Bitcoin (BTC) Evaluation: Technique (MSTR) Bears Outperform Bitcoin Bears

    October 15, 2025

    Bitcoin Value Prediction: Does JPMorgan’s $165K Forecast Nonetheless Maintain After Friday’s Pullback?

    October 15, 2025

    Greatest Bitcoin Skeptic Schiff Shares Bullish $6,000 Gold Value Prediction – U.Right now

    October 15, 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

    DeFi Growth to Turn into “Solana's MicroStrategy” With $1 Billion Plan

    April 26, 2025

    What's Subsequent for Bitcoin? Binance CEO Shares Market Prediction

    April 15, 2025

    What’s Verasity? Why VRA May very well be the Most Undervalued Crypto of 2025 – BlockNews

    September 16, 2025

    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.