In May 2024, the SEC issued a Wells notice, signaling the regulator’s intent to sue over alleged securities-law violations. However, the investigation was closed without action in February.
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Robinhood Goes All In on Crypto With Major Product Push
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Robinhood’s crypto division received a Wells notice from the SEC in 2024 and was fined $30 million by the NYDFS in 2022, but the SEC investigation concluded without enforcement action in early 2025
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