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VisitMarket reaction to SEC's final decision on Robinhood in 2024
Stock Price Increase • 33%
Stock Price Decrease • 33%
Stock Price Stabilizes • 34%
Stock market data following SEC decision
SEC Targets Robinhood Crypto, Stock Drops 7%, Tokens Delisted
May 6, 2024, 01:13 PM
Robinhood Markets Inc. has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), indicating potential enforcement action related to its cryptocurrency business. The notice, issued on May 4, suggests preliminary plans by the SEC to recommend enforcement actions for alleged violations of Sections 15(a) and 17A of the Securities Exchange Act. This development has significantly impacted Robinhood's stock, which saw a decrease of up to 7% following the announcement. The company expressed disappointment over the SEC's decision, emphasizing their belief that the assets listed are not securities. Additionally, Robinhood has delisted tokens, including SOL, in response to the SEC's actions.
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Stock price recovers • 25%
Stock price stabilizes • 25%
Further decline in stock price • 25%
Minimal long-term impact • 25%
Increase in Robinhood's stock price • 33%
Decrease in Robinhood's stock price • 33%
No significant change in stock price • 34%
Valuation decreases further • 33%
Valuation stabilizes • 33%
Valuation increases • 34%
Significant decrease (>15%) • 25%
Moderate decrease (5-15%) • 25%
Negligible change (<5%) • 25%
Increase • 25%
No action • 33%
Minor penalties • 33%
Major penalties • 33%
Legal defense • 25%
Settlement • 25%
Operational restructuring • 25%
Public campaign • 25%
No action taken • 33%
Fine imposed • 33%
Operations suspended • 34%
Very satisfied • 25%
Somewhat satisfied • 25%
Neutral • 25%
Dissatisfied • 25%
Increase • 33%
Decrease • 33%
No significant change • 33%
Positive Surge • 25%
No Significant Change • 25%
Minor Increase • 25%
Decline • 25%
Mostly positive • 33%
Mixed • 34%
Mostly negative • 33%
Lawsuit dismissed • 33%
Settlement reached • 33%
Robinhood found liable • 34%
Increase in Earnings • 33%
No Significant Change • 34%
Decrease in Earnings • 33%