#Robinhood sues Massachusetts over regulatory clampdown
“#Robinhood sues Massachusetts over regulatory clampdown” Online brokerage Robinhood on Thursday sued to invalidate Massachusetts’ recently-adopted fiduciary rule and block state regulators from proceeding with charges it encourages inexperienced investors to place risky trades without limits. Robinhood in a lawsuit filed in state court in Boston said the fiduciary standard of conduct for broker-dealers that…