Online trading firm Robinhood Markets has agreed to pay $45 million to settle U.S. Securities and Exchange Commission charges over record keeping, trade reporting and other rule violations, the regulator said on Monday.

The U.S. Securities and Exchange Commission said Monday that two broker-dealers owned by Robinhood Markets (NASDAQ:HOOD) have agreed to a $45M settlement to resolve charges of violating a slew of securities law provisions.

Robinhood recently announced that it’s agreed to pay $45 million in fines to the U.S. Securities and Exchange Commission. While that may seem like a lot sum to some, it may actually represent a turning of the page for the investing platform.

Robinhood Markets Inc.’s (HOOD) stock jumped by more than 5% in morning trade on Friday to hit an over four-year high of $48.77, lifting retail sentiment. The cryptocurrency exchange’s shares have been hitting higher highs over the last three sessions after announcing a settlement deal with the U.

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading slightly higher in the premarket session on Tuesday. The U.S. Securities and Exchange Commission (SEC) announced that Robinhood Securities LLC and Robinhood Financial LLC will pay a combined $45 million in civil penalties to settle a series of regulatory violations.

Robinhood Securities will pay $33.5 million and Robinhood Financial will pay $11.5 million to settle a variety of charges, including recordkeeping and cybersecurity violations.

Millions of customer names and emails were exposed by a 2021 hack.

Robinhood Securities LLC and Robinhood Financial LLC agreed to pay $45 million in civil penalties to settle a range of US Securities and Exchange Commission allegations, the regulator said Monday.

Shares of Robinhood Markets (NASDAQ: HOOD) were gaining today after the company agreed to pay $45 million to settle claims with the Securities and Exchange Commission (SEC), and it received two high-profile endorsements from Wall Street analysts.

The Securities and Exchange Commission announced that broker-dealers Robinhood (HOOD) Securities LLC and Robinhood Financial LLC have agreed to

The trading platform is seeking a $5 billion valuation and could list as soon as the second quarter of the year.

Robinhood to pay $45M fine for regulatory violations, including cybersecurity issues and failure to report suspicious activity. Robinhood Securities faces $33.5M fine, while Robinhood Financial ...