SEC-PR-2501-5 (Jan. 13, 2025) (SEC-PR-2501) Two Robinhood Broker-Dealers to Pay $45 Million in Combined Penalties for Violating More Than 10 Separate Securities Law Provisions Excerpt: Washington D.C., Jan. 13, 2025 — The Securities and Exchange Commission today announced that broker-dealers Robinhood Securities LLC and Robinhood Financial LLC (collectively, Robinhood) have agreed to pay $45 million […]
Category: Electronic Blue Sheets
Electronic Blue Sheets (EBS) are a vital tool used by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to facilitate the collection of trade data for investigation and surveillance purposes. Introduced as part of an effort to modernize the reporting process, EBS allows regulatory bodies to request detailed transaction information from broker-dealers in a standardized electronic format. This data includes details such as trade dates, security identifiers, and involved parties, which helps regulators analyze trading activity, detect potential market manipulation, and enforce compliance with securities laws. By streamlining the information-gathering process, Electronic Blue Sheets enhance the ability of regulators to maintain market integrity and protect investors.
- ♦ (FINRA) (www.finra.org) – Electronic Blue Sheets (EBS)
- ♦ (SEC) (www.sec.gov) – Electronic Submission of Securities Transaction Information by Exchange Members, Brokers, and Dealers