BREAKING ✨

SEC Enforcement Division closes investigation into Robinhood Crypto

The United States Securities and Exchange Commission closed its investigation into Robinhood Crypto less than a year after issuing the online brokerage a Wells notice.

The SEC’s Enforcement Division informed Robinhood on Feb. 21 that it had concluded its investigation and would not recommend any enforcement action against the platform. Robinhood disclosed this information in a Feb. 24

Announcement.

“[T]his investigation never should have been opened,” said Dan Gallagher, Robinhood Markets’ compliance and corporate affairs officer. “Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities.”

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