SEC closes Robinhood examinations without taking enforcement measures

The TOP WILLBOFPARTREDULAGE AGENT in the USA provides its investigations into the leading retail trading app Robinhood.

According to a new announcement by Robinhood, the US Securities and Exchange Commission (SEC) makes its examination of the trade app less than a year after the company has been concluded.

In May last year, Robinhood sent Robinhood to an announcement, a formal warning of investigations, although the CEO of Robinhood, Vlad Tenev, claims that the company met 15 times the “in good faith” with the supervisory authority.

“We tried to create so-called special purpose broker dealers for the purpose of processing crypto assets. We actually came in good faith to meet the SEC. I think we met with them 16 times and unfortunately that was not replied. “

Robinhood now calls on the accusations to regulate the SEC with the regulations in contrast to enforcement measures.

Says Dan Gallagher, Robinhoods boss of legal, compliance and corporate affairs, to fall on the decision of the SEC, for charges,

“We welcome the personnel's decision to conclude this investigation without measures.

Let me be crystal clear – this examination should never have been opened. Robinhood crypto has and will always respect the federal securities laws and never allow transactions in securities. As we explained the SEC, everyone would have failed against Robinhood Crypto. We appreciate the formal closure of this investigation and are pleased that we see a return to the rule of law and the commitment to fairness at SEC. “

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