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Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps – TON BOT

Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps

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Robinhood has agreed to pay $45 million in civil penalties to settle charges of securities law violations with the SEC. The violations include inaccurate reporting, poor cybersecurity measures, and inadequate fraud prevention. The firm’s subsidiaries failed to comply with various regulatory requirements from 2019 to 2022, leading to unauthorized access to user data and other breaches. Robinhood’s crypto operations are not implicated in the recent order, but the firm faces regulatory challenges in that sector.

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