In a 10-Ok submitting, the brokerage mentioned it acquired the investigative subpoena in December shortly after crypto trade FTX filed for chapter in November, and after “a number of different main cryptocurrency buying and selling venues and lending platforms earlier in 2022,” together with Three Arrows Capital, Voyager Digital Holdings and Celsius Community.
The investigative subpoena was in relation to its cryptocurrency listings and custody providers, which they mentioned got here in response to the crypto bankruptcies final yr:
“In December 2022, following the 2022 Crypto Bankruptcies, we acquired an investigative subpoena from the SEC relating to, amongst different matters, RHC’s supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”
Robinhood mentioned it had additionally acquired subpoenas from the California Legal professional Normal’s Workplace looking for details about its crypto arm’s buying and selling platform, enterprise and operations, custody of buyer belongings and coin listings.
The brokerage has additionally been subjected to regulatory examination by the New York District of Monetary Providers (NYDFS) and Massachusetts Securities Division (MSD) up to now.
Investigative subpoenas are issued by a courtroom on the request of one other particular person or entity for the needs of acquiring the data essential to determine whether or not to pursue authorized motion in opposition to the subpoenaed particular person or entity.
Cointelegraph reached out to Robinhood however the agency declined to touch upon the matter.
It is a growing story and extra info shall be added because it turns into obtainable.
