Robinhood Agrees to Pay Fine to U.S. SEC..."$45 Million Settlement"

Suehyeon Lee

Summary

Robinhood announced that it has agreed to pay a $45 million fine to the SEC.
This fine payment is a settlement for multiple securities law violations.
Robinhood expressed its expectation to cooperate with the new administration's SEC.

The stock and cryptocurrency trading app Robinhood has agreed to pay a fine in a civil lawsuit with the U.S. Securities and Exchange Commission (SEC).

According to Bloomberg on the 14th (local time), Robinhood agreed to pay a $45 million fine (approximately 66 billion won) without admitting or denying the SEC's allegations of multiple securities law violations.

Regarding the settlement, Robinhood stated, "We are pleased to resolve the issue," and "look forward to cooperating with the SEC of the new administration."