The net brokerage big Robinhood has agreed to
pay a considerable $7.5 million high quality to resolve allegations introduced forth by
Massachusetts securities regulators, Reuters reported at the moment (Thursday).
This matter includes the regulators’ claims that
Robinhood inspired inexperienced buyers to undertake dangerous trades in its
quest to reinforce consumer engagement.
Massachusetts Secretary of State Invoice Galvin filed
an administrative enforcement motion in 2020, asserting that Robinhood engaged
in “gamification” techniques to stimulate consumer participation on its
platform.
Count on ongoing updates as this story evolves.
The net brokerage big Robinhood has agreed to
pay a considerable $7.5 million high quality to resolve allegations introduced forth by
Massachusetts securities regulators, Reuters reported at the moment (Thursday).
This matter includes the regulators’ claims that
Robinhood inspired inexperienced buyers to undertake dangerous trades in its
quest to reinforce consumer engagement.
Massachusetts Secretary of State Invoice Galvin filed
an administrative enforcement motion in 2020, asserting that Robinhood engaged
in “gamification” techniques to stimulate consumer participation on its
platform.
Count on ongoing updates as this story evolves.
