Robinhood’s stock dives after receipt of SEC ‘Wells Notice’ disclosed
by MarketWatch
MarketWatch— The company said the “Wells Notice” states that the SEC Staff decided to recommend the SEC file “an enforcement action” against Robinhood, alleging
Marketwatch—SEC’s crypto ‘carpet-bombing campaign’ draws flak after Robinhood’s Wells notice. Some crypto industry observers hope the SEC may soon be overwhelmed by the number of cases it is currently litigating in the crypto space.
CCN.com—Robinhood Stock Suffers Following Warning From SEC: Wells Notice May Jeopardize Crypto Business. After the SEC handed Robinhood's crypto business a Wells Notice, HOOD initially stock took a hit, but managed to recover.
Cointelegraph—Robinhood crypto business slapped with SEC Wells Notice. The SEC is planning to file an "enforcement action" against Robinhood's cryptocurrency business, according to the Wells Notice.