Robinhood Markets receives SEC notice for alleged securities violations at crypto unit
Time:2024-05-07 12:44:07 Source:opinionsViews(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.
You may also like
- Xi Congratulates and Encourages Teachers and Students of Macau University of Science and Technology
- Underwater dragon dance staged in China's Qingdao
- Spring Festival TV gala to delight global audience with traditional culture, cutting
- Children visit Beijing Auto Museum during winter vacation
- City set to enjoy a bonanza of tourist attractions
- 'Wonderstruck' superfan wins dream job as This Morning's Taylor Swift correspondent
- 76ers play their season finale without All
- Silk culture festival and temple fair parade held in Huzhou
- In pics: autumn scenery across China