The state of Florida is investigating Robinhood Crypto for falsely claiming it charges the lowest fees for processing crypto transactions.

Florida Attorney General James Uthmeier announced the investigation Thursday, issuing a subpoena seeking internal documents in order to determine whether Robinhood Crypto’s “business practices are taking advantage of Florida investors.”

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...