The Florida Attorney General said there is evidence that crypto trading on Robinhood is actually more expensive due to its payment for order flow (PFOF) model.

Florida’s attorney general has launched an investigation into Robinhood Crypto (NASDAQ:HOOD), LLC, probing whether the platform misled users about the true cost of trading digital assets. The inquiry centers on suspicions that Robinhood’s promotional messaging may have violated state consumer protection laws.

Robinhood Markets (HOOD) stock garnered attention on Thursday after Florida’s Attorney General, James Uthmeier, launched an investigation into Robinhood Crypto, alleging that it falsely promotes its platform as the least expensive way to purchase crypto.