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Robinhood Under Investigation Over Communications Compliance

Robinhood Website Ahead Of Earnings Figures
Photographer: Gabby Jones/Bloomberg
Updated on

Robinhood Markets Inc. said regulators are investigating the firm’s compliance with recordkeeping requirements, including employees’ use of “off-channel communications.”

The firm is cooperating with probes by the enforcement divisions of the Securities and Exchange Commission and Financial Industry Regulatory Authority, Menlo Park, California-based Robinhood said Wednesday in a quarterly filing.