SEC Ends Robinhood Case Without Enforcement
robinhood
Olumide Adesina•Monday, February 24, 2025•2 min read
Add an article to your Reading List
Register now to be able to add articles to your reading list.
” aria-hidden=”true”>
Share in Facebook
“>
MARKETS TREND
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.
| Broker | Review | Regulators | Min Deposit | Website | |
| 🥇 | |
Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 | |
Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 | |
Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 | |
Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 | Visit Broker >> | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 | |
Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 | |
Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 | |
Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 | |
Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 | |
Read Review | SVGFSA | USD 5 | Visit Broker >> |
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.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
1 hour ago
Add an article to your Reading List
Register now to be able to add articles to your reading list.
” aria-hidden=”true”> Save
1 hour ago
Add an article to your Reading List
Register now to be able to add articles to your reading list.
” aria-hidden=”true”> Save
17 h ago
Add an article to your Reading List
Register now to be able to add articles to your reading list.
” aria-hidden=”true”> Save
Read More: SEC Ends Robinhood Case Without Enforcement