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Robinhood vs. Massachusetts' Secretary of the Commonwealth: A Battle for the Ages Over Massachusetts' New Strict Fiduciary Duty Rule
Faegre DrinkerLink to more items from this source
May 25, 2021

"[In a December 2020 regulatory complaint, Massachusetts' Secretary of the Commonwealth, William Galvin] claims that Robinhood fell short of acting in its clients' best interest.... Robinhood responded to these allegations in the regulatory proceeding by filing suit in Massachusetts state court ... to remove the matter from the administrative process.... [T]he State court is going to need to resolve three different issues: preemption, enforcement power, and proper application."

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