- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2022-08-25T19:01:00
Online stock trading platform and broker-dealer Robinhood Financial moved closer to paying $20 million as part of a class-action settlement with thousands of customers whose accounts were allegedly accessed by unauthorized users.
From January 2020 through April 2022, Robinhood “used substandard security practices and lacked security measures used by other broker-dealer online systems,” according to a motion for settlement filed July 1 in U.S. District Court for the Northern District of California. A California magistrate judge granted preliminary approval of the deal Tuesday, according to court documents.
Robinhood agreed to settle without admitting any liability or wrongdoing.
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2025-01-14T17:11:00Z By Aaron Nicodemus
Robinhood, a disruptive force in the market for Main Street investors but also a serial offender of securities laws, will pay a total of $45 million to settle numerous violations of SEC rules and regulations by two of its broker-dealers.
2024-01-18T20:54:00Z By Kyle Brasseur
Online stock trading platform and broker-dealer Robinhood Financial agreed to pay a $7.5 million fine as part of a settlement with the Commonwealth of Massachusetts addressing claims related to “gamification” of its platform and cybersecurity issues that lent to a 2021 data breach.
2023-08-10T15:08:00Z By Jeff Dale
Online brokerage Robinhood Markets disclosed in a quarterly filing it is under investigation regarding the quality of its brokerage execution.
2025-03-28T14:22:00Z By Thomas Graham, CW guest columnist
Many small organizations within the Defense Industrial Base are struggling to meet the rigorous requirements validated through the Cybersecurity Maturity Model Certification, writes Thomas Graham, CISO at Redspin. If you haven’t been tracking it closely, CMMC was finalized in October, with an effective date of December 16, 2024.
2025-02-10T15:27:00Z By Rezaul Karim, CW guest columnist
The dark web has been depicted as a long-standing hub for crimes, where illegal activities such as drug dealing, financial fraud, weapon sales, murder for hire, stolen credit cards, and ransomware gags are easily accessible to the public.
2024-10-08T14:13:00Z By Jeff Dale
American Water Works Company, which supplies drinking water and wastewater to 14 million customers, disclosed a breach of its computer networks and system due to a cybersecurity incident.
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