U.S. markets closed
  • S&P Futures

    4,222.25
    +12.25 (+0.29%)
     
  • Dow Futures

    33,359.00
    +99.00 (+0.30%)
     
  • Nasdaq Futures

    13,447.00
    +55.00 (+0.41%)
     
  • Russell 2000 Futures

    1,976.60
    +7.10 (+0.36%)
     
  • Crude Oil

    91.79
    -0.14 (-0.15%)
     
  • Gold

    1,787.80
    -7.80 (-0.43%)
     
  • Silver

    20.47
    -0.28 (-1.34%)
     
  • EUR/USD

    1.0289
    -0.0013 (-0.12%)
     
  • 10-Yr Bond

    2.7860
    -0.0110 (-0.39%)
     
  • Vix

    19.74
    -2.03 (-9.32%)
     
  • GBP/USD

    1.2194
    -0.0024 (-0.20%)
     
  • USD/JPY

    133.1920
    +0.3190 (+0.24%)
     
  • BTC-USD

    24,329.73
    +1,426.76 (+6.23%)
     
  • CMC Crypto 200

    573.72
    +42.50 (+8.00%)
     
  • FTSE 100

    7,507.11
    +18.96 (+0.25%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

Robinhood Discloses SEC Probe On Short Selling Rules Compliance

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Robinhood Markets Inc (NASDAQ: HOODdisclosed in a filing that the U.S. Securities and Exchange Commission has been probing the company's compliance with short selling rules since October 2021.

  • Robinhood said it received additional requests from the SEC in Q2 for information related to the company's compliance with trade reporting requirements concerning securities and fractional share lending.

  • The online brokerage firm has faced several regulatory actions in recent years.

  • Also Read: Robinhood CEO Says Crypto Additions Are Slow — But It Will 'Pay Off In Long-Term'

  • Earlier this week, Robinhood's cryptocurrency arm was fined $30 million by the New York State Department of Financial Services, accusing the firm of violating anti-money-laundering and cybersecurity rules.

  • In 2020, the SEC fined Robinhood $65 million for misleading its customers about a key source of revenue, called payment for order flow. The firm didn't admit or deny wrongdoing in that case.

  • Price Action: HOOD shares are down 1.84% at $10.12 during the premarket session on the last check Thursday.

See more from Benzinga

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.