Florida Attorney General James Uthmeier launched an investigation into Robinhood Crypto, LLC for allegedly deceptive practices regarding trading costs. The AG issued a subpoena seeking internal documents to determine if Robinhood violated Florida's Deceptive and Unfair Practices Act by falsely claiming to offer the lowest crypto trading costs. Robinhood must respond by July 31, 2025.
In-house legal teams should review customer-facing agreements (e.g., Terms of Service, user agreements) and any marketing or advertising partnership contracts for clauses related to pricing representations, fee disclosures, and cost comparisons. Specifically, scrutinize any guarantees or claims about 'lowest cost,' 'best price,' or 'most crypto for your money.' Evaluate the adequacy of disclosures regarding the payment for order flow (PFOF) revenue model and its potential impact on execution prices. Contracts may need amendments to require substantiation for comparative cost claims, implement clearer PFOF disclosures, and include audit rights to verify trading cost calculations against competitors.
Entity
Robinhood Crypto, LLC.
Also known as: Robinhood
Industry
Financial Services"Robinhood Crypto, LLC."
"Florida’s Deceptive and Unfair Practices Act"
"by falsely promoting its crypto platform as the least expensive way to purchase crypto—when there is evidence to suggest that is not true."
Florida Attorney General James Uthmeier opened a civil investigation into Discord and issued a subpoena demanding documents related to its marketing to children, age-verification processes, content moderation, parental controls, and reporting of child exploitative activity. The investigation alleges potential violations of Florida’s Deceptive and Unfair Trade Practices Act, citing the platform’s widespread use by child predators to target minors. Discord must produce records on its child safety practices, minor user data, and complaint handling related to child exploitation.
The Florida Attorney General's Office launched the CHINA Prevention Unit and issued a subpoena to Shein for deceptive trade practices and data privacy violations. The unit focuses on combating threats from foreign adversaries like the Chinese Communist Party to consumer data and economic security. This action is part of broader efforts to audit and hold accountable companies with ties to China.
Florida Attorney General James Uthmeier filed a lawsuit against Roblox, alleging that the company misrepresented the safety of its platform to parents and failed to protect children from accessing adult content and being contacted by predators. The lawsuit seeks injunctive relief and other remedies to ensure child safety on the platform.
Florida Attorney General James Uthmeier issued an investigative subpoena to TP-Link Systems Inc. as part of a consumer protection investigation into the company’s cybersecurity practices, supply-chain infrastructure, and handling of U.S. consumer data, including allegations of unauthorized data sharing with the Chinese Communist Party. The probe will determine if TP-Link misled customers about foreign government access to their personal data, which would violate the Florida Deceptive and Unfair Trade Practices Act, with no findings of wrongdoing yet.
Florida Attorney General James Uthmeier filed a civil enforcement action against Roku, Inc. for violating the Florida Digital Bill of Rights (FDBOR) and Florida Deceptive and Unfair Trade Practices Act (FDUTPA). The complaint alleges Roku collected, sold, and enabled reidentification of children’s sensitive personal data, including viewing habits and voice recordings, without parental consent or meaningful notice to consumers. The state seeks civil penalties, injunctive relief, and requirements for Roku to implement transparent disclosures, lawful parental controls, and cease unauthorized processing of children’s data.
Florida Attorney General James Uthmeier filed complaints against multiple pornography websites for violating Florida's age-verification law by not verifying users' ages, allowing children access to harmful material. The law requires such sites to implement age verification, and violations can result in fines up to $50,000 per violation. The complaints seek injunctions, civil penalties, and compliance with the law.