News & Events

Robinhood to face complaint over exposing users to ‘unnecessary trading risks,’ report says – Source CNET Tech

robinhood

Robinhood suffered an outage on Monday.


Robinhood/ Screenshot by Shelby Brown/ CNET

Massachusetts securities regulators reportedly plan to file a complaint against popular stock-trading app Robinhood. The complaint accuses the company of aggressively marketing to unexperienced investors and exposing investors to “unnecessary trading risks,” according to a report Wednesday from The Wall Street Journal, which reviewed a draft of the complaint. 

Robinhood, which reportedly has more than 13 million customer accounts, has faced regulatory scrutiny before. The US Securities and Exchange Commission…

Read More…

Source CNET Tech

Source link