Robinhood says SEC could pursue enforcement actions over its crypto operations, shares fall 2%
HOODRobinhood(HOOD) CNBC·2024-05-06 21:17

The Robinhood logo is displayed on a smartphone with stock market percentages in the background. 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 Wells Notice, a warning that upon completion of an investigation the company could be charged. Shares of the stock were last lower by 2% in premarket trading. ...