Robinhood Markets receives SEC notice for alleged securities violations at crypto unit [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
The company said in a regulatory filing that it received investigative subpoenas from the SEC about issues including cryptocurrency listings, custody of cryptocurrencies, and platform operations. Robinhood Crypto has cooperated with the investigation, the company said. Last week the crypto division received a Wells notice from SEC staff advising the unit that a preliminary determination was made to recommend that the SEC file an enforcement action against Robinhood Crypto for alleged securities violations. The filing said that the potential action may involve a civil injunctive action, public administrative proceeding or a cease-and-desist proceeding. Remedies that may be sought include an injunction, a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and censure, revocation, and limitations on activities. “After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register
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HOOD
News
- Robinhood Stock Soared Over 20% This Week -- Here's Why [Yahoo! Finance]Yahoo! Finance
- Robinhood Soars on Double Upgrade From Long-Time Bearish Analyst [Yahoo! Finance]Yahoo! Finance
- Robinhood Soars on Double Upgrade From Long-Time Bearish Analyst [BNN Bloomberg (Canada)]BNN Bloomberg
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "buy" rating. They now have a $24.00 price target on the stock, up previously from $14.00.MarketBeat
- Robinhood Markets, Inc. (NASDAQ: HOOD) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $30.00 price target on the stock.MarketBeat
HOOD
Earnings
- 5/8/24 - Beat
HOOD
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/14/24 - Form 4
- HOOD's page on the SEC website