SEC Nudges Robinhood Over Crypto Operations [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
Robinhood reported on Monday that the SEC had issued a warning over the weekend for its crypto business, indicating that the company could face charges once the investigation concludes. Dan Gallagher, Robinhood's chief legal, compliance, and corporate affairs officer, expressed disappointment with the SEC's decision to issue a Wells Notice regarding the firm's U.S. crypto business, CNBC reports Also Read: Has Robinhood Halted 24-Hour Trading? Social Media Explodes With Screenshots And Theories: ‘Tomorrow Is Not Going To Be Pretty' In a blog post, he emphasized their long-standing cooperation with the SEC for regulatory clarity. He stated, “We believe firmly that the assets on our platform aren't securities and are prepared to show the SEC the weakness of any case against Robinhood Crypto.” In February, the SEC had already subpoenaed Robinhood concerning its cryptocurrency listings, platform operations, and custody. In Monday's filing, the SEC suggested that Robinhood may ha
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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