The upstart brokerage agreed to pay the Securities and Exchange Commission for failing to protect sensitive customer data, among other infractions.

The Securities and Exchange Commission on Monday said two related Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges that they violated more than 10 separate securities law provisions related to their brokerage operations.

Online trading firm Robinhood Markets has agreed to pay $45 million to settle U.S. Securities and Exchange Commission charges over record keeping, trade reporting and other rule violations, the regulator said on Monday.

Two brokerage units of Robinhood Markets agreed to pay $45 million to settle an investigation by the Securities and Exchange Commission into a range of alleged violations, including one stemming from a 2021 data breach that exposed millions of customer names and emails.

The SEC didn’t hold back in detailing Robinhood’s failures. Between 2019 and 2023, the company fell short on several federal compliance requirements.

Online trading firm Robinhood Markets has agreed to pay $45 million to settle charges from the US Securities and Exchange Commission (SEC) stemming from a series of regulatory violations concerning recordkeeping,

Robinhood Markets Inc. units agreed to pay $45 million to settle SEC allegations of failing to report suspicious activities and maintain records. The firms did not admit or deny wrongdoing, claiming to have addressed most issues previously.