Florida Attorney General James Uthmeier has launched a formal investigation into Robinhood regarding its claims of offering the lowest-cost cryptocurrency trading services.

佛罗里达州检察长詹姆斯·乌斯梅尔（James Uthmeier）对罗比林（Robinhood）进行了正式调查，该调查就其提供了最低成本的加密货币交易服务的主张。

Authorities are examining Robinhood’s payment-for-order-flow (PFOF) revenue model, where trades are routed through third-party market makers.

当局正在研究Robinhood的付款订单流量（PFOF）收入模型，在该模型中，交易是通过第三方做市商路由的。

Attorney General Uthmeier's inquiry centers on potential violations of the Florida Deceptive and Unfair Trade Practices Act. The investigation questions the validity of Robinhood's marketing claims concerning its competitive pricing model for digital asset transactions.

司法部长Uthmeier的调查中心有关违反《佛罗里达欺骗性和不公平贸易实践法》的行为。调查质疑Robinhood营销主张的有效性有关其用于数字资产交易的竞争定价模型。

The investigation includes a subpoena served to Robinhood, requesting detailed records. This action stems from concerns that the platform's advertised claims may not accurately reflect the actual costs users incur when trading cryptocurrencies.

调查包括一个传票，索要详细记录。这项行动源于对平台的广告主张可能无法准确反映用户在交易加密货币时所产生的实际成本的担忧。

The Attorney General specifically highlighted Robinhood's revenue model, which relies on payment for order flow agreements with third-party market makers and exchanges to execute transactions. This arrangement raises concerns about potential increased costs for customers, as third-party processors might offer less favorable prices to maintain profitability and compensate Robinhood for routing trading orders.

总检察长特别强调了Robinhood的收入模式，该模型依靠与第三方做市商的订单流量协议以及交易所进行交易的付款。这种安排引起了人们对客户的潜在增加成本的担忧，因为第三方处理器可能会提供较不利于维持盈利能力并补偿路由交易订单的抢劫。

Robinhood promotes on its site that traders can buy and sell cryptocurrencies at the lowest average prices in the U.S. market. Florida authorities, however, suspect these representations may be misleading given the platform's business model and fee structure for cryptocurrency transactions.

Robinhood在其网站上促进了交易者可以以美国市场平均价格最低的价格买卖加密货币。但是，佛罗里达当局怀疑这些代表可能会误导平台的业务模型和加密货币交易的费用结构。

Robinhood's General Counsel, Lucas Moskowitz, has responded in defense, asserting that the company maintains best-in-industry disclosure practices. He stated that Robinhood provides transparent pricing information during the trade process.

罗宾希德的总法律顾问卢卡斯·莫斯科维茨（Lucas Moskowitz）在国防方面做出了回应，并断言该公司维护了最佳的独立披露惯例。他指出，罗比尼（Robinhood）在贸易过程中提供了透明的定价信息。

Moskowitz emphasized that customers are clearly informed of spreads, fees, and revenue earned by Robinhood on each transaction, and he maintains that the platform offers genuinely competitive prices.

Moskowitz强调说，清楚地知道客户在每笔交易中获得的价差，费用和收入，他坚持认为该平台提供了真正有竞争力的价格。

Robinhood previously faced regulatory action, agreeing to pay a $65 million fine in December 2020 to settle SEC charges related to order execution claims.

Robinhood先前面临监管行动，同意在2020年12月支付6500万美元的罚款，以解决与命令执行索赔有关的SEC指控。

Despite the investigation announcement, Robinhood's stock price rose by 4.4% on Thursday, closing at $98.70. This increase is attributed to the overall positive trend in the cryptocurrency market and continued investor confidence. Robinhood is required to respond to the subpoena and provide the requested documentation to the Florida investigation team by the end of July.

尽管宣布了调查公告，但罗宾比的股价周四上涨了4.4％，收盘价为98.70美元。这一增加归因于加密货币市场的总体积极趋势以及持续的投资者信心。需要Robinhood才能回应传票，并在7月底之前向佛罗里达州的调查团队提供所请求的文件。