News Formal

Robinhood crypto business slapped with SEC Wells Notice

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

The SEC has served a Wells Notice on trading platform Robinhood's crypto division sending stock price plunging.

The United States Securities and Exchange Commission has issued a Wells Notice to the popular trading platform Robinhood.

The Wells Notice is a letter sent from the securities regulator that concludes the conclusion of its investigation over the respondent, in this case, Robinhood’s United States-based crypto business. The news of the investigation comes despite Robinhood’s attempts to register with the United States securities watchdog, according to Dan Gallagher, chief legal, compliance, and corporate affairs officer at Robinhood Markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto industry reacts to SEC serving Uniswap with Wells Notice: ‘The war on DeFi has begun’The crypto industry took aim at the SEC's decision to target Uniswap Labs, arguing that decentralized finance is 'worth fighting for.'
Source: TheBlock__ - 🏆 464. / 53 Read more »