Stock broker, Finance, Customer, Trade, Regulation, Financial services

Massachusetts Regulators to File Complaint Against Robinhood

On Dec 16, 2020
@WillauerProsky shared
RT @JCOviedo6: "Massachusetts securities regulators are expected to file a complaint against the trading platform operated by Robinhood Financial LLC alleging the company aggressively marketed to inexperienced investors and failed to implement controls to protect them." https://t.co/sg7PsKK5dh
Open

Securities regulators are expected to file a complaint against the popular trading platform operated by Robinhood Financial, alleging the company marketed to inexperienced investors and failed to implement controls to protect them.

www.wsj.com
On Dec 16, 2020
@WillauerProsky shared
RT @JCOviedo6: "Massachusetts securities regulators are expected to file a complaint against the trading platform operated by Robinhood Financial LLC alleging the company aggressively marketed to inexperienced investors and failed to implement controls to protect them." https://t.co/sg7PsKK5dh
Open

Massachusetts Regulators to File Complaint Against Robinhood

Massachusetts Regulators to File Complaint Against Robinhood

Securities regulators are expected to file a complaint against the popular trading platform operated by Robinhood Financial, alleging the company marketed to inexperienced investors and ...

Massachusetts regulators file complaint against Robinhood, alleging manipulation of customers

Massachusetts regulators file complaint against Robinhood, alleging manipulation of customers

The complaint accuses Robinhood of using "aggressive tactics to attract inexperienced investors" and "gamification strategies to manipulate customers."

Massachusetts regulator accuses Robinhood of failing to protect investors

Massachusetts regulator accuses Robinhood of failing to protect investors

Massachusetts securities regulators on Wednesday accused the popular online brokerage Robinhood of engaging in aggressive tactics to attract inexperienced investors and failing to prevent ...

Robinhood Rise Brings Setbacks of Irate Traders, U.S. Probes

Robinhood Rise Brings Setbacks of Irate Traders, U.S. Probes

Over the first half of the year, U.S. consumer protection agencies received more than 400 complaints about Robinhood -- roughly four times more than competitors.

Massachusetts assembles fintech panel after crypto crackdown

Massachusetts assembles fintech panel after crypto crackdown

Digital-asset companies will try to develop a less adversarial relationship with the state's securities regulator, who stopped several startups from selling digital currencies as ...

Robinhood is back in Washington’s crosshairs after leverage glitch

Robinhood is back in Washington’s crosshairs after leverage glitch

Robinhood Markets Inc. is once again getting unwanted scrutiny in Washington after some of the brokerage's customers took advantage of a flaw that allowed them

The SEC Just Reduced Risk For Broker-Dealers Like Coinbase

The SEC Just Reduced Risk For Broker-Dealers Like Coinbase

A letter from the SEC has added new clarification on how custodial broker-dealers like Coinbase can swap customer assets

Report: AI tools carry many benefits, some risks for securities industry

Report: AI tools carry many benefits, some risks for securities industry

A study on the use of artificial intelligence in the securities industry by FINRA found a number of challenges with the technology-data bias, customer privacy, and cyber-security among ...

Blockchain regulation: Speedbumps, roadblocks and superhighways

Blockchain regulation: Speedbumps, roadblocks and superhighways

The U.S. will likely continue enacting laws to support the use of blockchain technology for purposes beyond securities and digital currency.

The Fiduciary Rule Is Dead. What’s an Investor to Do Now?

The Fiduciary Rule Is Dead. What’s an Investor to Do Now?

With regulations in flux, it’s a confusing time for those who work with investment professionals. Here’s what investors need to know.

Robinhood launches self-built custody and clearing service

Robinhood launches self-built custody and clearing service

Company follows in the footsteps of discount brokerages like Charles Schwab and TD Ameritrade that leveraged retail brokerage platforms 30 years ago.