Article 6MKHT Robinhood’s crypto arm receives SEC warning over alleged securities violations

Robinhood’s crypto arm receives SEC warning over alleged securities violations

by
Emma Roth
from The Verge - All Posts on (#6MKHT)
acastro_STK049_03.0.jpg Illustration by Alex Castro / The Verge

Robinhood's cryptocurrency division could soon be in trouble with the Securities and Exchange Commission. In an 8-K filing submitted on Saturday, Robinhood revealed that it received a Wells notice from the SEC's staff recommending the agency take action against the trading platform for alleged securities violations.

Robinhood says it received the Wells notice after cooperating with the SEC's requests for investigative subpoenas about its crypto listings, custody of cryptocurrencies, and the platform's operations. A Well notice is a letter from the SEC that warns a company of a potential enforcement action. The SEC's response could include an injunction, a cease-and-desist order, disgorgement, limits on activities, and / or civil...

Continue reading...

External Content
Source RSS or Atom Feed
Feed Location http://www.theverge.com/rss/index.xml
Feed Title The Verge - All Posts
Feed Link https://www.theverge.com/
Reply 0 comments