Defendant Name: Robinhood Financial LLC

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

Document Reference: 34-102170

Document Details

Legal Case Name In the Matter of Robinhood Financial LLC and Robinhood Securities, LLC
Document Name 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
Document Date 13-Jan-2025
Document Format Administrative Proceeding
File Number 3-22405
Allegation Type Broker Dealer
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $11,500,000.00 Shared:    

Related Documents:

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