Robinhood Markets Inc (NASDAQ:HOOD) said the Securities and Exchange Commission (SEC) has concluded its investigation into the trading platform's cryptocurrency division and has chosen not to pursue any enforcement actions. The company said it had received a letter from the SEC on Friday advising it of its decision.
The Securities and Exchange Commission is dropping its investigation into Robinhood's crypto arm, the company revealed Monday. CNBC's Kate Rooney has the details.
The fintech industry is set to keep growing going forward. To capitalize on this, you can bet on companies like HOOD, MCO and UPST to generate strong returns.
Robinhood Markets Inc (NASDAQ:HOOD) revealed earlier today that the U.S. Securities and Exchange Commission (SEC) is ending an investigation of its crypto unit and taking no action.
CNBC's Kate Rooney joins 'Squawk Box' to report on the latest news.
Robinhood said on Monday the U.S. Securities and Exchange Commission had closed its investigation into the company's crypto trading arm with no action.
Shares of the disruptive financial services company Robinhood Markets NASDAQ: HOOD continue to soar. As of the February 20 close, the stock price has risen nearly 300% over the past 52 weeks.
“Elon Musk is willing to spend a phenomenal amount of money and basically do everything he can to stay with the head of the pack on A.I. progress.”
Robinhood Markets (HOOD) chief brokerage officer Steve Quirk joins Market Domination Overtime hosts Julie Hyman and Alexandra Canal to discuss retail investor trading trends. Quirk observes that following the November election, Robinhood customers "try and take advantage of what they saw as opportunities to add to [their] portfolio or remove some of the stocks in their portfolios.
Bridgewater Associates, founded by famed investor Ray Dalio, loaded up on shares of some big-name stocks in Q4. Bridgewater Associates recently released its Form 13F.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Robinhood Markets (HOOD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.