Categories: Stock Market News

Robinhood to pay $45 million to settle SEC expenses over document retaining, different violations


NEW YORK (Reuters) – On-line buying and selling agency Robinhood Markets (NASDAQ:HOOD) has agreed to pay $45 million to settle U.S. Securities and Alternate Fee expenses over document retaining, commerce reporting and different rule violations, the regulator mentioned on Monday.

Regulators discovered two Robinhood corporations did not adjust to a broad array of necessities together with precisely reporting buying and selling exercise, submitting well timed experiences of suspicious exercise, sustaining information on work communications and complying with quick sale guidelines, mentioned SEC performing director Sanjay Wadhwa in a press release.

A consultant for Robinhood mentioned in a press release the agency is happy to have resolved the issues.

admin

Share
Published by
admin

Recent Posts

The most cost effective and costliest area to get a pint within the UK

Wherever you might be once you purchase a pint can have a huge impact on…

19 hours ago

Princes Meals-owner picks banks for £700m London itemizing

The Italian-owned producer of a few of Britain's hottest meals manufacturers has employed bankers to…

20 hours ago

The Sunday Occasions Wealthy Listing: Billionaires fall as King rises to match Rishi Sunak

The King's private fortune has shot up by £30m to place him on par with…

20 hours ago

Celebrity Adele joins backers of music royalties platform Audoo

Adele, the Grammy award-winning artist, has joined the record of music superstars investing in Audoo,…

20 hours ago

Cryptocurrency platform Coinbase warns of as much as $400m hit from cyber assault

One of many world’s main cryptocurrency exchanges has suffered a cyber assault that would price…

24 hours ago

‘I do not perceive why individuals go there’: Famend chef on the restaurant chain he simply would not perceive

Each week, our Cash weblog staff interviews cooks from across the UK, listening to about…

1 day ago