HOOD May 2024 12.500 call
| Previous close | 5.45 |
| Open | 5.45 |
| Bid | 5.60 |
| Ask | 5.75 |
| Strike | 12.50 |
| Expiry date | 2024-05-24 |
| Day's range | 5.45 - 5.45 |
| Contract range | N/A |
| Volume | |
| Open interest | 5 |
Yahoo FinanceRobinhood gets new legal threat from SEC as crypto crackdown continues
Robinhood said it got an SEC warning that the trading platform could face an enforcement action related to its US crypto business.
- Yahoo Finance Video
Robinhood's crypto unit receives Wells Notice from SEC
Robonhood (HOOD) disclosed that the US Securities and Exchange Commission has sent the company a Wells Notice over its crypto business. A Wells Notice is a notification that the regulator is planning to bring an enforcement action against the company. In a blog post, Robinhood's Chief Legal, Compliance, and Corporate Affairs Officer Dan Gallagher says “After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our U.S. crypto business," adding that the company intends to engage with the regulator. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Barrons.comRobinhood Stock Falls. SEC Moves Toward Enforcement Action Against Crypto Arm.
Robinhood Markets said the Securities and Exchange Commission staff has recommended enforcement action against its crypto arm. The company had previously disclosed that it was under investigation by the SEC regarding its cryptocurrency listings, among other topics. It said that on Saturday, it received a “Wells Notice” from the regulator, saying that SEC staff had made a “preliminary determination” to recommend to the agency’s commissioners that it file an enforcement action, alleging violations.
