The SEC is cracking down on Robinhood's crypto division for selling unregistered securities
Quartz -

The crypto arm of trading platform Robinhood has received a Wells notice from the Securities and Exchange Commission (SEC) over allegedly violating securities laws. A Wells notice is a formal notification from the financial watchdog that it intends to take enforcement action against the trading platform, but it does not necessarily mean the SEC will sue Robinhood. The SEC will give the company a chance to respond and explain why it believes a civil suit is inappropriate. Despite the legal...

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