Robinhood has agreed to a $45 million settlement following an investigation by the Securities and Exchange Commission (SEC) regarding multiple alleged violations. The settlement involves two of Robinhood's brokerage units, which failed to implement adequate policies to safeguard customer information. The SEC highlighted a significant data breach in November 2021, where over five million email addresses were reportedly compromised. Furthermore, the units did not establish a comprehensive program to defend customers against identity theft. This settlement underscores the importance of robust data protection measures in the fintech sector.