---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-24-000138"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:17:31.869179+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Robinhood crypto unit receives SEC Wells Notice over listings, custody, operations

## Summary
- Robinhood Crypto, LLC received SEC Staff Wells Notice on May 4, 2024.
- Staff preliminarily recommends enforcement action under Securities Exchange Act Sections 15(a) and 17A.
- Potential remedies include injunction, disgorgement, civil penalties, and activity limitations.
- Company states it has cooperated with the SEC investigation and is reviewing the notice.
- No financial estimate of potential exposure is provided in the filing.

## SEC filing metadata
- accession: 0001783879-24-000138
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000138/0001783879-24-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000138/hood-20240504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-24-000138
- JSON: https://secwatch.observer/filing/0001783879-24-000138.json
- Plain text: https://secwatch.observer/filing/0001783879-24-000138.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.