While Roblox has been subject of multiple reports and allegations that their video game platform is unsafe for children, these allegations are not in the scope of the SEC.

Roblox (NYSE:RBLX) is being investigated by the U.S. Securities and Exchange Commission, Bloomberg reported Friday, citing information obtained through a Freedom of Information Act request. “We ...

What is the SEC investigation about? According to news reports last month, the SEC has an ongoing "active investigation" into Roblox.

The US Securities and Exchange Commission concluded a case involving the online video-game platform Roblox Corp. in May, according to a document seen by Bloomberg News.

All that said, for investors, the SEC's interest may not be the biggest cause for concern here. Will Roblox ever turn a profit? What worries me most about Roblox are its troubling financials.