NEW YORK (Reuters) – On-line buying and selling agency Robinhood Markets (NASDAQ:) has agreed to pay $45 million to settle U.S. Securities and Alternate Fee costs over report retaining, commerce reporting and different rule violations, the regulator mentioned on Monday.
Regulators discovered two Robinhood companies didn’t adjust to a broad array of necessities together with precisely reporting buying and selling exercise, submitting well timed stories of suspicious exercise, sustaining data on work communications and complying with brief sale guidelines, mentioned SEC appearing 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.
