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NEW YORK (Reuters) – On-line buying and selling agency Robinhood Markets (NASDAQ:) has agreed to pay $45 million to settle U.S. Securities and Change Fee costs over document holding, commerce reporting and different rule violations, the regulator stated on Monday.
Regulators discovered two Robinhood companies did not adjust to a broad array of necessities together with precisely reporting buying and selling exercise, submitting well timed reviews of suspicious exercise, sustaining information on work communications and complying with quick sale guidelines, stated SEC appearing director Sanjay Wadhwa in a press release.
A consultant for Robinhood stated in a press release the agency is happy to have resolved the issues.
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