Robinhood Markets, Inc. (HOOD) operates a financial services platform in the United States. Its platform enables users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company offers commission-free trading services and is known for its easy-to-use, streamlined platform and appeal to investors new to the investment game.
However, in recent years, Robinhood has been severely targeted by regulator crypto crackdown. Yesterday, HOOD announced that it is being investigated for its trading execution, the latest in a string of regulatory and legal proceedings faced by the online brokerage.
