Robinhood’s Crypto Trading Promotions Probed by Florida AG
(Bloomberg) — Robinhood Markets Inc.’s cryptocurrency operations are the subject of an investigation in Florida, accusing the popular fintech platform of using deceptive practices to mislead consumers about costs.
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The Menlo Park, California-based firm is “falsely promoting” its trading platform as the “least expensive way to purchase crypto,” the state Attorney General’s office alleged in a press release. As part of the investigation, the AG’s office issued a subpoena to Robinhood, demanding marketing materials and other internal documents related to its crypto services and pricing structure.
“When consumers buy and sell crypto assets, they deserve transparency in their…
