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Robinhood Crypto LLC is being investigated by the Florida Prosecutor, who accuses her of misleading customers about the cost of the platform.
According to July 10 statement By Florida’s Public Prosecutor’s Office, Robenol claims that “the least expensive method for purchasing encryption” is “deceptive” and lacks any secure evidence.
Robventols Chefro Sobwina released
As part of the investigation, the trading company was summoned by the Public Prosecutor calling on all marketing materials and internal documents related to encryption services in the company and the fee structure.
Prosecutor James Othmier said in the statement that Crypto is a “vital in the financial future in Florida” and accused Rubnevol of breaking the law of deceptive and unfair practices in Florida.
“When consumers buy and sell encryption assets, they deserve transparency in their transactions,” Uthmeier added.
Robinhood Lucas Moskowitz’s general attorney responded to the investigation by saying that the company’s “best in its class”.
The investigation will analyze whether the Robinhood trading system negatively affects merchants
An investigation will be discussed in how the Robinhood trading system interacts with third -party service providers.
Robinhood can earn money by sending its customer deals to the third party companies, which then pays the company for the opportunity to achieve these deals. This system is called the application flow (PFOF).
Only in: 🇺🇸 Florida AG Robinhood Hood.
Robinhood claims that deceptive practices about commercial upgrades for encryption and payment flow (PFOF.) pic.twitter.com/6p8IXSfp4z
– Luxalgo (@luxalgo) July 10, 2025
By taking advantage of this system, Robinhood can allow its customers to trade without imposing fees on them because they are achieving revenues from paid third parties.
Through the investigation, the Florida Prosecutor will examine whether the Robinhood system is commission -free and does not come at a hidden cost of the arterial system users.
The investigation comes after Robinhood shares closed the trading session yesterday at a price of $ 98.70, an increase of more than 4 %. In post -working hours trading, HOD decreased almost 1 % from 3:30 am EST, According to To Yahoo financing.
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