Massachusetts Regulators Seek to Revoke Robinhood’s License; Brokerage Sues

Massachusetts regulators on Thursday sought the revocation of Robinhood’s broker-dealer license after charging that it encourages inexperienced investors to place risky trades without limits, while the online brokerage sued to invalidate a new rule underlying the case. Massachusetts Secretary of …

from News – Insurance Journal https://ift.tt/3gfrVef