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

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

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05

Month
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06

Day
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2024

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12

:

00

am

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the staff is now recommending enforcement action against the company, citing Sections 15(a) and 17A of the Securities Exchange Act of 1934 — which require entities dealing with securities to register as broker and clearing agencies
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,

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

Sources

Form 8-K of May 4, 2024 by Robinhood Markets
SEC sends Robinhood's crypto business Wells Notice

Referenced by

Form 8-K of May 4, 2024 by Robinhood Markets

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SEC sends Robinhood's crypto business Wells Notice

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

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