The United States, Securities and Exchange Commission (SEC) issued an investigation letter to Robinhood, after the cryptocurrency trading platform was accused of running an illegal business. The letter was sent by the SEC shortly after it launched an investigation into the bankruptcy of the FTX crypto exchange. The SEC commission accused the Robinhood platform of secretly selling unregistered securities assets on its platform. In addition, the SEC suspects that Robinhood is still hiding crypto assets belonging to the former CEO of FTX Bankman-Fried, who is currently under house arrest for fraud. This reason prompted the SEC to take a tough stance on the crypto asset industry with the aim of preventing a digital asset collapse, bearing in mind that in 2022 a number of assets such as Bitcoin to Ethereum continued to record price declines due to the bankruptcy of crypto dealers. Through an investigation letter sent by the SEC, Robinhood is required to appear at the California Attorney General's office to participate in the investigative and investigative process regarding the sale of crypto assets. Prior to receiving the letter of inquiry, Robinhood had emphasized that the company only owned 18 cryptocurrency assets on its trading platform, including Bitcoin, Ethereum, and Dogecoin. However, this did not necessarily make the SEC believe. The SEC assessed that Robinhood was hiding registered crypto assets to be sold to investors. The emergence of this accusation then triggered a series of pressures on Robinhood, so that the company's shares experienced a sharp decline and posted losses over the past few days. Adding to the losses in the previous quarter where at that time Robinhood had encountered many problems such as a liquidity crisis. Until threatened to fall into bankruptcy and forced to cut employment relations (PHK) for 700 employees. #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #AFXMarkets#