Defendant Name: Robinhood Securities, LLC

Defendant Type: Subsidiary of Public Company

Document Reference: 2025-5

Document Details

Legal Case Name In the Matter of Robinhood Financial LLC and Robinhood Securities, LLC
Document Name Two Robinhood Broker-Dealers to Pay $45 Million in Combined Penalties for Violating More Than 10 Separate Securities Law Provisions
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 "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."

Disgorgement & Penalty Information

Resolutions
Censured
Other Compliance Related Undertaking
Monetary Penalties:

Civil Penalty

Individual:     $33,500,000.00 Shared:    

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."

Other Defendants in Action:

Robinhood Financial LLC