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0.00179094294567464 0.00344587044419312 0.00441503517376946 0.00550840693547565 8.52829974130546E-05 -0.00994793363670764 -0.0134725268477437 -0.0109359043605853
Stock impact report

Robinhood Gains 2%, Erasing Early Losses Following SEC Wells Notice [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The stock pared earlier losses and rose about 2% on Monday. "On May 4, 2024, RHC received a 'Wells Notice' from the Staff of the SEC (the 'Staff') stating that the Staff has advised RHC that it made a 'preliminary determination' to recommend that the SEC file an enforcement action against RHC alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934, as amended," Robinhood said in a filing on Monday. In a press release, Robinhood took a more combative tone, saying the company had already decided not to provide certain tokens or products that the SEC called securities in past actions, calling these "difficult choices." Robinhood Chief Legal, Compliance and Corporate Affairs Officer Dan Gallagher – a former SEC commissioner – said he was "disappointed" after trying to work with the regulator "We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case agai Show less Read more
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