Why Robinhood Markets (HOOD) Shares Are Falling Premarket Today - Robinhood Markets (NASDAQ:HOOD)

Robinhood Markets Inc HOOD disclosed in a filing that the U.S. Securities and Exchange Commission has been probing the company's compliance with short selling rules since October 2021.
Robinhood said it received additional requests from the SEC in Q2 for information related to the company's compliance with trade reporting requirements concerning securities and fractional share lending.
The online brokerage firm has faced several regulatory actions in recent years.
Also Read: Robinhood CEO Says Crypto Additions Are Slow — But It Will 'Pay Off In Long-Term'
Earlier this week, Robinhood's cryptocurrency arm was fined $30 million by the New York State Department of Financial Services, accusing the firm of violating anti-money-laundering and cybersecurity rules.
In 2020, the SEC fined Robinhood $65 million for misleading its customers about a key source of revenue, called payment for order flow. The firm didn't admit or deny wrongdoing in that case.
Price Action: HOOD shares are down 1.84% at $10.12 during the premarket session on the last check Thursday.

Robinhood Discloses SEC Probe On Short Selling Rules Compliance