09:34 AM EDT, 05/06/2024 (MT Newswires) -- (Corrects the day of the Wells Notice's receipt.)

Robinhood Markets ( HOOD ) said in a filing Monday that its Robinhood Crypto LLC unit received a Wells Notice on Saturday from the staff of the US Securities and Exchange Commission stating it made a "preliminary determination" to recommend an enforcement action against it for allegedly violating Sections 15(a) and 17A of the Securities Exchange Act of 1934, as amended.

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