Robinhood recently announced that it’s agreed to pay $45 million in fines to the U.S. Securities and Exchange Commission. While that may seem like a lot sum to some, it may actually represent a turning of the page for the investing platform.

In a significant settlement, Robinhood has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) to resolve allegations of violating multiple securities laws. The SEC’s order found that Robinhood Securities LLC and Robinhood Financial LLC had breached over 10 regulatory provisions,

The SEC didn’t hold back in detailing Robinhood’s failures. Between 2019 and 2023, the company fell short on several federal compliance requirements.