Robinhood Gains 2%, Erasing Early Losses Following SEC Wells Notice

The company said that the potential action from the agency may include “a civil injunctive action, public administrative proceeding, and/or a cease-and-desist proceeding and may seek remedies that include an injunction, a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and censure, revocation and limitations on activities.”

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