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


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…

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Source CNET Tech

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