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Robinhood says SEC could pursue enforcement actions over its crypto operations
The Securities and Exchange Commission could soon pursue enforcement action against Robinhood, according to the trading firm. Robinhood disclosed in a filing Monday that over the weekend the regulator sent it a warning that upon completion of an investigation the company could be charged. “After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our U.S. crypto business,” Dan Gallagher, Robinhood’s chief legal, compliance and corporate affairs ... (full story)