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Outcome of SEC lawsuit against Robinhood by end of 2024
5
Resolution / Starting Odds
Lawsuit dismissed • 33%
Settlement reached • 33%
Robinhood found liable • 34%
Court decision documents or SEC announcements
Story
Robinhood Stock Down 7% After SEC Wells Notice, Plans Lawsuit Over Crypto
May 6, 2024, 12:41 PM
Robinhood's stock experienced a significant drop after the company disclosed receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC), as detailed in a Form 8-K filing. Issued on May 4, the notice signals the SEC's preliminary determination to recommend enforcement action and its intent to file a lawsuit against Robinhood's cryptocurrency business. The alleged violations pertain to Sections 15(a) and 17A of the Securities Exchange Act, leading to a stock price decrease of up to 7% in pre-market trading.
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No Action • 25%
Fine Imposed • 25%
Restrictions on Operations • 25%
Other Penal Actions • 25%
Settlement • 33%
Robinhood wins • 33%
SEC wins • 33%
No action taken • 33%
Fine imposed • 33%
Operations suspended • 34%
No action • 33%
Minor penalties • 33%
Major penalties • 33%
Settlement • 25%
Full compliance with SEC demands • 25%
Legal battle • 25%
Partial compliance • 25%
Legal defense • 25%
Settlement • 25%
Operational restructuring • 25%
Public campaign • 25%