Robinhood to Pay $45 Million SEC Settlement Over Data Breach, Other Violations
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Robinhood has agreed to pay a $45 million settlement to the SEC over a data breach in 2021 that exposed millions of customer names and emails, along with other violations.
January 13, 2025 | 10:00 pm
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Robinhood is set to pay a $45 million settlement to the SEC due to a 2021 data breach and other violations. This settlement may impact investor confidence and the company's financials in the short term.
The $45 million settlement is a significant financial penalty for Robinhood, which could affect its short-term financial performance. Additionally, the data breach may impact investor confidence, leading to potential short-term stock price declines.
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