Online trading firm Robinhood Markets HOOD.O 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. Regulators ...

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. (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.

Requisite Capital Management LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.

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

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 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.

Two Robinhood units failed to report suspicious activity and preserve communications records, the agency said.

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

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 said two related Robinhood ... our customers want and need to participate in U.S. and global financial markets," Moskowitz said. "We look forward to working ...