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Robinhood Markets Inc:, RHC Received A "Wells Notice", On 4 May, From SEC
Robinhood Markets Inc:, RHC Received A "Wells Notice", On 4 May, From SEC $HOOD
— LiveSquawk (@LiveSquawk) May 6, 2024
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$HOOD
— *Walter Bloomberg (@DeItaone) May 6, 2024
ROBINHOOD MARKETS INC - "DISAPPOINTED THAT SEC HAS DECIDED TO ISSUE A WELLS NOTICE RELATED TO OUR U.S. CRYPTO BUSINESS"
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Robinhood Markets: Robinhood Crypto Not to List Some Tokens/Give Products SEC Priorly Alleged Are Securities in Public Actions Against Other Platforms
— Fofty Pawlow (@FoftyPawlow) May 6, 2024
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Form 8-K
As previously disclosed, Robinhood Crypto, LLC (“RHC”) has received investigative subpoenas from the Securities and Exchange Commission (“SEC”) regarding, among other topics, RHC’s cryptocurrency listings, custody of cryptocurrencies, and platform operations (the “RHC Activities”). RHC has cooperated with this investigation. On May 4, 2024, RHC received a “Wells Notice” from the Staff of the SEC (the “Staff”) stating that the Staff has advised RHC that it made a “preliminary determination” to recommend that the SEC file an enforcement action against RHC alleging violations of Sections 15(a) ... (full story)