HOOD Jun 2024 12.000 call
| Previous close | 6.05 |
| Open | 6.23 |
| Bid | 5.75 |
| Ask | 6.40 |
| Strike | 12.00 |
| Expiry date | 2024-06-21 |
| Day's range | 6.05 - 6.50 |
| Contract range | N/A |
| Volume | |
| Open interest | 23.19k |
- Yahoo Finance Video
Why Robinhood's SEC threat shouldn't worry investors: Analyst
Robinhood (HOOD) has received a warning from the Securities and Exchange Commission (SEC) that the trading platform could face an enforcement action regarding its crypto business on the platform. Mizuho Americas Senior Financial Technology Analyst Dan Dolev joins Market Domination to discuss why he's not concerned about this development. Dolev notes that there's no reason for investors to be worried about Robinhood's stock falling, as "this is not new news." He points out that this issue was previously discussed by Robinhood, with the SEC just now "taking action on something they've been calling out for two years." Furthermore, he emphasizes that Robinhood's crypto exposure is "very minimal." Dolev commends Robinhood for being "the good guy" among crypto exchange platforms, steering clear of "riskier tokens." He suggests that Robinhood not fighting the SEC probe will benefit the trading platform in the long run. "The fundamentals of Robinhood are so good that this is going to remain as a little bug bite, not more than that," Dolev told Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Investor's Business DailyRobinhood Wells Notice Signals Potential SEC Action Over Cryptocurrency Unit
Robinhood stock eased Monday after the digital brokerage announced it received a Wells Notice from the Securities and Exchange Commission. Robinhood Markets, in Monday's filing, disclosed that it received a Wells Notice from the SEC on Saturday. The notice recommended enforcement action against Robinhood's crypto business, Robinhood Crypto (RHC).
CoinDeskThe SEC Can’t Stop Suing Crypto Companies
Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged securities violations in any case.
