United States of America: Securities and Exchange Commission investigation into Robinhood broker-dealers over alleged cybersecurity and securities law violations
Progress
Current status
under investigation
13 Jan 2025 under investigation
Scope
Implementers
United States of America
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Securities and Exchange Commission reached settlement agreement with Robinhood broker-dealers over cybersecurity and securities law violations including UDS 45 million penalty
On 13 January 2025, the Securities and Exchange Commission (SEC) announced that Robinhood Securities LLC and Robinhood Financial LLC (collectively, Robinhood) agreed to pay USD 45 million in combined civil penalties to settle charges related to viol…
Event type
investigation
Action type
interim ruling
Government branch
executive
Government body
other regulatory body