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.
Related articles:
Related suggestion:
German court convicts a man of murder over a fatal stabbing on a train last yearArnold Schwarzenegger's son Joseph Baena posts rare snap with mom Mildred for Mother's DayPGA CHAMPIONSHIP '24: What golf was talking about the last time at ValhallaThe US is wrapping up a pier to bring aid to Gaza by sea. But danger and uncertainty lie aheadBayern gives contracts to trio of promising teenagersItalian antiGeorge Clooney, 63, to make Broadway debut in adaptation of his 2005 film Good Night, and Good LuckSuspect in shooting of 2 Jewish men in Los Angeles last year agrees to plead guilty to hate crimesInvestigation continues into 4 electrical blackouts on ship that caused Baltimore bridge collapseOn the eve of his visit to China, Putin says Russia is prepared to negotiate over Ukraine
0.188s , 6499.265625 kb
Copyright © 2024 Powered by Robinhood Markets receives SEC notice for alleged securities violations at crypto unit ,Global Grandeur news portal