U.S. SEC probing Robinhood compliance with short selling rules -filing

FILE PHOTO: The logo of Robinhood Markets Inc is seen at a pop-up event on Wall Street after the company's IPO in New York City

(Reuters) – Retail trading platform Robinhood Markets Inc disclosed in a filing on Wednesday 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 the second quarter of this year for information related to the company’s compliance with trade reporting requirements in connection with securities and fractional share lending.

(Reporting by Hannah Lang in Washington; Editing by Chris Reese)

Reuters

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