Defendant Name: Robinhood Financial LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Robinhood Markets, Inc.
SIC Code: 9999
CUSIP: 77070010

Initial Case Details

Legal Case Name In the Matter of Robinhood Financial LLC and Robinhood Securities, LLC
First Document Date 13-Jan-2025
Initial Filing Format Administrative Action
File Number 3-22405
Allegation Type Broker Dealer

Violations Alleged

Other
• Failure to supervise under Section 15(b)(4)(E) Exchange Act

Resolutions

First Resolution Date 13-Jan-2025
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-102170 13-Jan-2025 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On January 13, 2025, the SEC instituted settled administrative and cease-and-desist proceedings against Robinhood Financial LLC and Robinhood Securities, LLC, stating: "These proceedings arise out of Respondents' violations of federal statutes and regulations related to blue sheet filing, short selling, identity theft, recordkeeping, and suspicious activity reporting between at least 2018 and April 2024."
2025-5 13-Jan-2025 Press Release--Administrative Proceeding
Two Robinhood Broker-Dealers to Pay $45 Million in Combined Penalties for Violating More Than 10 Separate Securities Law Provisions
On January 13, 2025, the SEC "today announced that broker-dealers Robinhood Securities LLC and Robinhood Financial LLC(collectively, Robinhood) have agreed to pay $45 million in combined civil penalties to settle a range of SEC charges arising from their brokerage operations."

Other Defendants in Action:

Robinhood Securities, LLC