Robinhood Fined $45 Million for Recordkeeping Failures, Short Sale Violations and More
Robinhood, an online brokerage firm, has agreed to pay $45 million in penalties to settle a range of charges brought by the US Securities and Exchange Commission (SEC), including alleged violations of recordkeeping, among other issues. The penalty has been imposed on two Robinhood entities: Robinhood Securities will pay $33.5 million, while Robinhood Financial will…