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Robinhood Wells Notice Signals Potential SEC Action Over Cryptocurrency Unit

Robinhood Wells Notice Signals Potential SEC Action Over Cryptocurrency Unit

Robinhood stock eased Monday after the digital brokerage announced it received a Wells Notice from the Securities and Exchange Commission. Robinhood Markets, in Monday's filing, disclosed that it received a Wells Notice from the SEC on Saturday. The notice recommended enforcement action against Robinhood's crypto business, Robinhood Crypto (RHC).