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Robinhood Faces A Fine Exceeding $10 Million Following SEC Investigation

Emily Mason

Summary: Robinhood Markets Inc. is under a civil fraud investigation by the Securities and Exchange Commission after early failures to disclose its practice of selling clients' orders to high-speed traders, as reported by The Wall Street Journal. Robinhood operates a popular crypto investment platform offering clients services to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. ...

Robinhood Markets Inc. is under a civil fraud investigation by the Securities and Exchange Commission after early failures to disclose its practice of selling clients' orders to high-speed traders, as reported by The Wall Street Journal.

Robinhood operates a popular crypto investment platform offering clients services to buy and sell Bitcoin, Ethereum, and other cryptocurrencies. The company could face a fine exceeding $10 million if it chooses to settle the matter with the SEC, but a settlement deal has not yet been discussed.

By Emily Mason

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