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Robinhood Gets Wells Notice From SEC Staff
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Robinhood Gets Wells Notice From SEC Staff
May 6, 2024 6:13 AM

08:46 AM EDT, 05/06/2024 (MT Newswires) -- Robinhood Markets ( HOOD ) said Monday that in a filing that its Robinhood Crypto LLC unit received a Wells Notice on Friday 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.

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