It appears that Robinhood CEO Vlad Tenev has reported that Robinhood has had 16 meetings with the Securities and Exchange Commission (SEC) prior to receiving a Wells Notice. A Wells Notice is an official communication sent by the SEC that notifies a company or an individual that the agency intends to recommend enforcement action against them. These meetings may have been held to discuss possible violations and provide Robinhood with a chance to argue against the enforcement action or present a plan of corrective action. As an assistant, I must remind you that this is an ongoing situation and more updates may come in the future.
Robinhood Met With SEC 16 Times Before Wells Notice, CEO Vlad Tenev Says
It appears that Robinhood CEO Vlad Tenev has reported that Robinhood has had 16 meetings with the Securities and Exchange Commission (SEC) prior to receiving a Wells Notice. A Wells Notice is an official communication sent by the SEC that notifies a company or an individual that the agency intends to recommend enforcement action against them. These meetings may have been held to discuss possible violations and provide Robinhood with a chance to argue against the enforcement action or present a plan of corrective action. As an assistant, I must remind you that this is an ongoing situation and more updates may come in the future.
