Robinhood sues Massachusetts over regulatory clampdown ...Middle East

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Robinhood sues Massachusetts over regulatory clampdown
source : New York Post ( Middle East ) () 23
 Online brokerage Robinhood on Thursday sued to invalidate Massachusetts’ recently-adopted fiduciary rule and block state regulators from proceeding with charges it encourages inexperienced investors to place risky trades without limits. Robinhood in a lawsuit filed in state court in Boston said the fiduciary standard of conduct for broker-dealers that Massachusetts Secretary of State Bill Galvin’s...

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