After months of intense scrutiny and legal battles, the Securities and Exchange Commission (SEC) has finally dropped its investigation into popular trading app Robinhood. This news comes just over a month after the company agreed to a $45 million settlement with the SEC.

The investigation, which began in 2020, was centered around allegations that Robinhood misled its customers about its revenue sources and failed to disclose certain conflicts of interest. The SEC also accused the company of not properly disclosing its practice of selling customer orders to high-frequency trading firms.

This news may come as a relief to Robinhood and its investors, who have been eagerly awaiting the outcome of the investigation. The company has faced intense scrutiny and backlash in recent months, with many accusing it of prioritizing profits over the best interests of its customers.

Despite the dropped investigation, Robinhood is still facing numerous lawsuits and regulatory challenges. Just last week, the company was hit with a class-action lawsuit over its decision to restrict trading of certain stocks during the GameStop frenzy in January.

However, with the SEC investigation now behind them, Robinhood may be able to focus on moving forward and addressing these other legal challenges. The company has already taken steps to improve transparency and communication with its customers, including launching a new blog and podcast to keep users informed.

In a statement, a Robinhood spokesperson said, “We’re pleased to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all.” Only time will tell how this latest development will impact the future of Robinhood and its ongoing legal battles.