Robinhood's crypto unit anticipates settling a $30 million fine after a New York state investigation into its financial compliance and cybersecurity, according to a recent S-1 filing. The investigator, the New York State Department of Financial Services (NYDFS), first began investigating Robinhood in July of 2020 after receiving “a number of ‘matters requiring attention’ focused primarily on anti-money laundering and cyber-security related issues,” according to the filing. Robinhood’s crypto unit, Robinhood Crypto, has agreed to pay the $30 million fine and “engage a monitor” going forward. The Wall Street Journal ... (full story)