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Violation Tracker Individual Record

Company: Robinhood Financial LLC
Current Parent CompanyRobinhood Markets
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $640,000
Year: 2022
Date: March 16, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Robinhood agreed to pay a $590,000 administrative penalty and donate $50,000 to a financial education and restitution fund in settlement of allegations the company violated state regulations with issues of lack of supervision, service outages and poor customer support in securities activities.
Level of Government: state
Action Type: agency action
Agency: Vermont Department of Financial Regulation
Civil or Criminal Case: civil
Facility State: Vermont
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investor services
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.