Robinhood Response to Receipt of Wells Notice from the U.S. Securities and Exchange Commission

Press release

Name

Robinhood Response to Receipt of Wells Notice from the U.S. Securities and Exchange Commission

Types

Claims from

Robinhood claims that it did not to list certain tokens or provide products, such as lending and staking, that the SEC previously alleged are securities in public actions against other platforms

In response to SEC claim for operating as unregistered broker and clearing agent, Robinhood claimed that crypto assets listed on their platform are not securities

In response to SEC claim for operating as unregistered broker and clearing agent, Robinhood claimed that it attempted to register as broker - dealer

Publish date

05

Month

/

06

Day

/

2024

Year

12

:

00

am

Publisher

Quotes from

Moreover, Robinhood heeded the SEC’s calls and attempted to register a special purpose broker-dealer with the agency

Robinhood Crypto has made difficult choices not to list certain tokens or provide products, such as lending and staking, that the SEC previously alleged are securities in public actions against other platforms.

We firmly believe that the assets listed on our platform are not securities

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

Related entities

SEC charges Robinhood for operating unregistered broker-dealer and clearing agency

Related news stories

SEC charges Robinhood for operating unregistered broker-dealer and clearing agency

Web URL

https://newsroom.aboutrobinhood.com/robinhood-response-to-receipt-of-wells-notice-from-the-u-s-securities-and-exchange-commission/

Referenced by

We firmly believe that the assets listed on our platform are not securities

Crypto

Moreover, Robinhood heeded the SEC’s calls and attempted to register a special purpose broker-dealer with the agency

Crypto

In response to SEC claim for operating as unregistered broker and clearing agent, Robinhood claimed that crypto assets listed on their platform are not securities

Crypto