Robinhood fined $45M for SEC violations, data breaches.
In a stark revelation, the U.S. Securities and Exchange Commission (SEC) has slapped Robinhood with a hefty $45 million fine for failing to adhere to critical regulatory standards, including those under Regulation SHO. This settlement, announced by the SEC, outlines significant breaches by Robinhood Securities LLC and Robinhood Financial LLC, casting a shadow over the …