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    • Robinhood Sues to Kill Fiduciary Rule in Massachusetts

    April 20, 2021 by Melanie Waddell

    Robinhood filed a lawsuit Thursday to overturn Massachusetts’ fiduciary rule and prevent the state’s securities division from proceeding in an administrative case against the brokerage firm.

    Robinhood stated in its suit that the Massachusetts Securities Division’s new fiduciary rule, which took effect in August, “exceeds its authority under both Massachusetts state law and federal law.”

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at ThinkAdvisor on April 16, 2021 by Melanie Waddell.

    Categories: Industry Articles
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