Robinhood Markets has agreed to pay $45 million to settle its cases filed by the US Securities and Exchange Commission (SEC). In a document shared by the agency, Robinhood Markets violated rules on blue sheet filing, identity theft, and suspicious activity reporting, including a 2021 data breach that exposed customers’ data. Two brokers of Robinhood Markets – Robinhood Securities and Robinhood Financial – are the primary units responsible for accepting and executing trades. As such, the SEC ordered that both units would share in covering the penalties. The $45 million…
