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Massachusetts regulators are seeking to revoke Robinhood's broker license

edited April 17 in Other Investing
“The regulator in December accused Robinhood of failing to protect inexperienced investors from "unnecessary trading risks," thereby violating state laws and regulations. It now points out Robinhood's more recent decisions, like its promotion of cash rewards based on deposits, indicate a "firm culture which has not changed" since its complaint four months ago.”

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