Robinhood: SEC settlement (Jan 2025)
The SEC settled with Robinhood on January 13, 2025, according to the agency’s own announcement.
- Date
- Agency
- SEC
- Action
- Settlement
- Amounts (as stated)
- $45 million in combined civil penalties
- Admission
- Both firms admitted certain findings (off-channel communications; Robinhood Securities also blue sheets)
The SEC found the two Robinhood broker-dealers violated more than ten securities law provisions, including inaccurate blue sheet trading data, Reg SHO failures, identity-theft and cybersecurity safeguard lapses, and recordkeeping failures.
Money involved. $45 million in combined civil penalties; penalty: $33.5 million (Robinhood Securities) and $11.5 million (Robinhood Financial) civil penalties.
Admission. Both firms admitted certain findings (off-channel communications; Robinhood Securities also blue sheets).
Questions
What did the SEC say Robinhood did?
The SEC found the two Robinhood broker-dealers violated more than ten securities law provisions, including inaccurate blue sheet trading data, Reg SHO failures, identity-theft and cybersecurity safeguard lapses, and recordkeeping failures.
How much is Robinhood paying?
$45 million in combined civil penalties.
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- Company (as named)
- Robinhood Securities LLC and Robinhood Financial LLC
- Category
- Investing app
- Civil penalty, USD
- $45,000,000
- Agency announcement
- sec.gov
- Order or complaint
- sec.gov
- Sources
Source Link SEC announcement https://www.sec.gov/newsroom/press-releases/2025-5
Source: the agency’s own press release, litigation release, order or complaint, linked on each record. Charges are allegations; a company is not liable unless a court or agency finds it so.