Wells Notice

The Securities and Exchange Commission (SEC) on Wednesday issued a Wells notice to NFT marketplace OpenSea, indicating the regulatory body’s intent to sue the company, alleging that certain NFTs traded on its platform should be classified as securities. What Happened: Expressing his shock...

Robinhood (NASDAQ:HOOD) on Monday said that it received a Wells notice from the SEC, signaling possible enforcement actions related to its cryptocurrency operations. What Happened: This notice follows a period of investigation into Robinhood’s cryptocurrency listings and custody, as well as...

Hayden Adams, founder of decentralized exchange Uniswap (CRYPTO: UNI), revealed on Wednesday that the exchange has been served a Wells notice by the Securities and Exchange Commission (SEC). What Happened: He vowed to fight against the financial watchdog, asserting that instead of protecting...

Even as crypto exchange Coinbase Global Inc (NASDAQ: COIN) faces the Securities and Exchange Commission's notice against it, the crypto exchange has found itself at the heart of a regulatory storm as 10 U.S. states have initiated legal proceedings against it for...

Cathie Wood-led ARK Investment Management bought over 168,000 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN) at an estimated valuation of over $8.4 million based on Monday's closing price. What Happened: The purchase was done via the flagship ARK Innovation ETF (NYSE:...

Oliver Linch, the CEO of Bittrex Global, has stated that the cryptocurrency exchange had no chance to discuss a potential enforcement action with the U.S. Securities and Exchange Commission (SEC). The SEC charged Bittrex in April for operating as an unregistered exchange, broker, and clearing...

Coinbase Global Inc. (NASDAQ: COIN) is taking steps to prevent the SEC from filing a lawsuit against the firm, emphasizing the challenges the agency might face in such a legal battle. In a detailed response to the SEC's March Wells Notice, which indicated the regulatory agency's intention...

Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong expressed concerns about the current regulatory environment for the cryptocurrency industry in the U.S., suggesting the company might contemplate relocating if clarity doesn't improve. What Happened: "Anything is on the table...

The SPDR S&P 500 ETF Trust (NYSE: SPY) has seen a positive return in 2023. Several sectors are in the green so far this year, and many well-known stocks are among the biggest gainers. Here’s a look at the biggest large-cap gainers in 2023.  What Happened: The SPDR S&P 500...

The Securities and Exchange Commission’s (SEC) Wells notice to Coinbase (NASDAQ: COIN) has sent ripples across the cryptocurrency industry, with experts expressing concerns over the regulator's approach to regulating the market. The SEC alleges several violations and highlighted the...

Coinbase Global Inc. (NASDAQ: COIN) shares plunged 14.05% on Thursday on the SEC issuing a “Wells Notice,” a formal declaration from the regulator that it intends to recommend an enforcement action. The company clarified that the notice was with regard to an undefined portion of...

Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) announced it received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The announcement came Wednesday after the market close, which sent shares down. The company’s co-founder and CEO Brian Armstrong defended the...

Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) announced  hasit received a Wells Notice from the Securities and Exchange Commission. The announcement came Wednesday after the market close, which sent the stock down. Here’s what analysts are saying about the potential...

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) over potential violations of U.S. securities law. What Happened: In a regulatory filing, Coinbase revealed the notice related to its spot...

Shares of General Electric were moving lower Tuesday in response to the company receiving a Wells Notice from the Securities and Exchange Commission.  What Happened: General Electric (NYSE: GE) received a Wells Notice from SEC on Sept. 30, the company said in an 8-K filing Tuesday. The...