Robinhood settles 'gamification' case with Massachusetts regulators for $7.5M
Cryptocurrency and stock trading app Robinhood has reached a $7.5 million settlement with Massachusetts regulators over a "gamification" case.
The Massachusetts securities regulator launched an enforcement action in December 2020, accusing Robinhood of promoting its platform as "some kind of game you might win" to inexperienced investors and recommending revocation of Robinhood's broker-dealer license in the state. It is reported that the new settlement agreement ends nearly three years of legal battles between Robinhood and Massachusetts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fetch.ai and Zus Network Optimize Hot Plus Data Storage Solution
Cryto Investor Makes $1 Million Profit in Less Than a Month – Here is How
XRP’s Surge Fuels Speculation of Overtaking Ethereum
MegaETH-based DEX GTE raises $10 million, including $2.5 million via Cobie's Echo
GTE has raised $10 million through a combination of venture capital and community funding rounds.Built on the MegaETH blockchain, GTE is positioning itself as the fastest decentralized exchange.
Trending news
MoreCrypto prices
More
