Robinhood Markets Inc. has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) to settle charges related to multiple violations of securities laws. The settlement encompasses failures in recordkeeping, trade reporting, and cybersecurity, with infractions occurring from 2019 to 2023. Specific issues included the mishandling of suspicious transaction reports, inadequate cybersecurity measures, and improper short-selling practices. The SEC noted that Robinhood's broker-dealer units had failed to address these regulatory requirements adequately, leading to the imposed penalty. As part of the settlement, Robinhood has committed to enhancing its compliance measures and undergoing audits to prevent future violations.