Explainer-The regulatory and legal headwinds facing Robinhood

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly

WASHINGTON (Reuters) - Robinhood Markets is still facing a number of legal and regulatory threats a year after the retail "meme stock" trading frenzy led the brokerage to restrict trading in some stocks, infuriating customers.

That episode sparked multiple government probes, a flurry of private lawsuits by aggrieved customers and investors, and intensified regulatory scrutiny of Robinhood's business model, all of which weighed on the company's share price.