SEC Ends Robinhood Case Without Enforcement
The U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Robinhood with no intention of pursuing enforcement action.
Live ROBINHOOD Chart
[[ROBINHOOD-graph]]
The U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into Robinhood with no intention of pursuing enforcement action.
SEC’s Division of Enforcement informed Robinhood of the decision. This concludes an investigation that began in May 2024 when the SEC sent Robinhood a Wells Notice.
Robinhood Markets’ Chief Legal, Compliance, and Corporate Affairs Officer, Dan Gallagher, expressed his satisfaction with the SEC’s ruling.
Gallagher said the investigation should never have started asserting that Robinhood Crypto has always complied with federal securities laws and has never permitted any trading in securities.
He praised the SEC’s return to the rule of law and dedication to justice, and he welcomed the official conclusion of the investigation.
Robinhood has repeatedly refuted claims that federal securities laws apply to transactions that involve most digital assets.
Nonetheless, Robinhood has had to make some tough decisions, choosing not to offer certain products and services that the SEC, under former Chairman Gensler, considered securities in its public offerings.
Robinhood is eager to work with the SEC under the new leadership and contribute to a more responsive and transparent regulatory environment for digital assets to forge a clear future.
The listed stock brokerage firm supported the financial regulator switching from regulation by enforcement to regulation by regulation.
The clarity of this approach and the appropriate legal framework for digital assets would be advantageous to market participants. Robinhood intends to continue its innovative heritage by producing goods and services for its customers.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals