United States of America: Securities and Exchange Commission reached settlement agreement with Robinhood broker-dealers over cybersecurity and securities law violations including UDS 45 million penalty
Description
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…
Scope
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body