Robinhood CEO Says Firm Has Responded to SEC on Crypto Scrutiny

Robinhood Markets Inc. is continuing to engage with the US Securities and Exchange Commission after receiving a warning from the financial regulator in May, according to Chief Executive Officer Vlad Tenev, foreshadowing an enforcement action.

The retail trading platform has submitted a response to what is known as an SEC Wells notice related to the firm’s cryptocurrency business, Tenev said Thursday in an interview on Bloomberg Television.