Connect with us

Hi, what are you looking for?

Webinar Expert TeamWebinar Expert Team

Tech News

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

An image showing the Robinhood logo on a red and black background
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…

You May Also Like

Tech News

Illustration: The Verge Canada’s security agency is trying to dissuade Canadians from using TikTok, telling users that their data is “available to the government...

Editor's Pick

The Volatility Index ($VIX) is one of my key sentiment indicators and it has a history of accurately predicting corrections and bear markets. We’ve...

Tech News

Why wait? | Image: Netflix Want to try the nine games that Netflix now streams from cloud servers directly to your laptop, desktop, or...

Editor's Pick

Colleen Hroncich Jo Lawson and her husband were both public school teachers. When they had children, they planned to alternate years teaching and being...

Copyright © 2024 All Rights Reserved.