Robinhood Markets (HOOD) sank 5% in premarket trading on Monday following the revelation that the company had received a Wells notice from the United States Securities and Exchange Commission (SEC).
The SEC Staff sent a Wells notice to Robinhood Crypto LLC last week. Listings for cryptocurrencies, cryptocurrency custody, and platform operations are the points of contention.
After the company received notice, the price of Robinhood Market share decreased by 5%. However, the price has increased by 2.34%, as per the TradingView data. At the time of writing, the price of HOOD is valued at $18.
Also Read: Robinhood Responds to SEC’s Wells Notice
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
