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Robinhood accused of ‘gamification’ by Massachusetts regulator

Robinhood accused of ‘gamification’ by Massachusetts regulator

Robinhood Markets drew millions of users to financial markets with a colorful app that makes trading seem empowering instead of intimidating. That very appeal thrust it into the regulatory crosshairs yet again on Wednesday. Massachusetts securities regulators filed a complaint against Robinhood Financial LLC, alleging the popular online brokerage aggressively marketed to novice investors and failed to put controls in place to protect...

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Commonwealth Massachusetts Robinhood Robinhood Financial LLC Robinhood Markets William Galvin