Robinhood as an underwriter for the Claude IPO: Is anyone else concerned?

I don’t think this looks good.

Robinhood has proven many times that it can’t be trusted, so seeing the company take on a role as an underwriter for the Claude/Anthropic IPO is concerning from my point of view.

Being an underwriter is a much bigger role than simply giving Robinhood users access to an IPO. Robinhood would now have a direct role in helping bring the company public.

My main concerns are:

Could Robinhood acting as an IPO underwriter create a conflict of interest with its role as a retail brokerage?

If Robinhood has a financial interest in the success of the IPO, does that create an incentive to promote or prioritize the offering to its own customers?

Could Robinhood’s role in the underwriting syndicate give it influence over pricing or allocation decisions that could conflict with its interests as a retail broker?

If Robinhood helps underwrite an IPO and then makes those shares available to its own retail customers, what specific safeguards are in place to prevent conflicts of interest?

Robinhood can receive compensation for its role in the underwriting even if retail investors ultimately lose money after the IPO. How is that conflict managed?

Does having a major retail brokerage participate directly in underwriting actually improve IPO access for ordinary investors, or does it create additional risks for them?