SEC charges 2 Robinhood broker-dealers with securities violations

United States Securities and Exchange Commission (SEC) charged on Monday two broker-dealers, Robinhood Securities LLC and Robinhood Financial LLC, Robinhood Markets Inc. subsidiaries, for violating over 10 separate securities law provisions.In a press release, the SEC revealed that it reached a settlement with the two entities, which agreed to pay $45 million in combined civil penalties. "It is essential to the Commission’s broader efforts to protect investors...

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