Robinhood received an investigative subpoena from the SEC regarding its crypto trading operations shortly after FTX filed for bankruptcy last November, the company revealed in its latest 10K filing. By NelWang
The subpoena concerned, among other things, Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations.”
Robinhood also received similar subpoena requests from the California Attorney General’s office regarding its trading platform, custody of customer assets, customer disclosures and coin listing. The company said it is cooperating with California’s investigation. In its filing, Robinhood noted that to the extent that the SEC or a court determines that any cryptocurrencies it supports are securities, it could be forced to stop trading those cryptos. Such action could result in regulatory penalties, customer liabilities and judicial or administrative sanctions.The SEC did not immediately respond to a request for comment.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple 'not helpful' after woman locked out of Apple account, lost $10KA woman who got locked out of her Apple account minutes after her iPhone was stolen and had $10,000 taken from her bank account says Apple was 'not helpful at all'
Read more »
Shippensburg native wins Disney Princess Half Marathon the day after winning the 10KNeely Gracey was only the third woman in runDisney history to win the half marathon.
Read more »
‘$10K to help me find a wife’: NYC dating Craigslist ad goes viralAn anonymous man in his 30s is seeking a wife — and someone else to do the hard work of winning her heart.
Read more »
Mississippi State snaps A&M’s six-game winning streakCold spell upends Aggies’ bid for program-record 14th win in SEC play.
Read more »
Kentucky overwhelms Auburn in SEC battleZep Jasper’s corner 3-pointer bounced high off the rim, kissed the backboard and then took another bounce on the front of the iron as Kentucky’s Jacob Toppin mistimed his jump
Read more »
Alabama clinches share of SEC title; can clinch outright this weekThe SEC men’s basketball regular-season title had become a two-team race between Alabama and Texas A&M, and Texas A&M blinked.
Read more »