Online brokerage Robinhood Markets disclosed in a quarterly filing it is under investigation regarding the quality of its brokerage execution.
The probe is being carried out by the New York attorney general, said Robinhood in its Aug. 3 filing. The firm provided no further details, other than it is cooperating with the investigation.
Robinhood also detailed previous and current investigations by state and federal regulators related to options trading and customer communications supervision, off-channel communications, cryptocurrency trading, account takeovers, anti-money laundering (AML) and cybersecurity, and securities law violations.
The company said it is cooperating with all investigations.
Robinhood has been no stranger to penalties regarding these areas, including a $30 million settlement it reached with the New York State Department of Financial Services in August 2022 regarding AML and cybersecurity lapses at its crypto unit.