Robinhood Markets receives SEC notice for alleged securities violations at crypto unit
Time:2024-05-07 12:29:03 Source:worldViews(143)
Robinhood Markets Inc. has received a notice from the Securities and Exchange Commission about alleged securities violations at its crypto division.
The company said in a regulatory filing that it received investigative subpoenas from the SEC about issues including cryptocurrency listings, custody of cryptocurrencies, and platform operations.
Robinhood Crypto has cooperated with the investigation, the company said.
Last week the crypto division received a Wells notice from SEC staff advising the unit that a preliminary determination was made to recommend that the SEC file an enforcement action against Robinhood Crypto for alleged securities violations.
The filing said that the potential action may involve a civil injunctive action, public administrative proceeding or a cease-and-desist proceeding. Remedies that may be sought include an injunction, a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and censure, revocation, and limitations on activities.
Previous:Former cruise ship worker reveals the six things she would NEVER do on board
Next:Boca Raton's most expensive waterfront property sold for $40M
You may also like
- The yearly memorial march at the former death camp at Auschwitz overshadowed by the Israel
- Suspected al
- Twins bring Carlos Correa back from IL after 16
- A second new nuclear reactor is completed in Georgia. The carbon
- Larrañaga, Kruger, Dunphy and Nolan to be honored with Joe Lapchick Character Award
- UAB football team becomes first in NCAA Division I to sign with college athlete organization
- Real Madrid coach Carlo Ancelotti apologizes for forgetting German on his Bayern Munich return
- 'The Tortured Poets Department' gets largest streaming week ever
- A subset of Alzheimer's cases may be caused by two copies of a single gene, new research shows