Robinhood under investigation by SEC, FINRA for handling of day-long March outage, report says The Securities and Exchange Commission and Financial Industry Regulatory Authority are investigating Robinhood and its handling of an early March service outage, Bloomberg reported Monday. The brokerage made headlines after its trading platform shut down for the entirety of March 2 and some of March 3, leaving investors unable to cash in on a market upswing. The regulatory bodies are particularly interested in Robinhood's lack of customer response during the outage, according to Bloomberg. When the brokerage's help center also shut down, customers flooded the SEC with complaints. Regulators have privately said they've felt like Robinhood's secondary customer support outlet, sources told Bloomberg. Visit the Business Insider homepage for more stories . Robinhood is under investigation by the Securities and Exchange Commission and the Financial Industry Regulatory Authority over its handling of a March outage, Bloomberg reported Monday. The discount brokerage caught flak in early March after its trading service shut down for more than an entire trading day.