Robinhood May Face SEC Enforcement Over Its US Crypto Business
HOODRobinhood(HOOD) Investopedia·2024-05-07 00:10

Key Takeaways Online trading platform Robinhood said Monday that it has received a Wells Notice from the SEC recommending enforcement against the company's cryptocurrency platform. The SEC previously took similar actions against Coinbase and Kraken for failing to register as broker- dealers and sale of crypto tokens considered unregistered securities. Robinhood said it has cooperated with the agency's investigations and previously received subpoenas, and vowed that its crypto platform is "here to stay." Rob ...