Massachusetts
Massachusetts High Court Upholds State’s Fiduciary Rule in Robinhood Lawsuit
Massachusetts’ highest court has upheld the state’s fiduciary standard in a dispute against the online trading app Robinhood, which had challenged the state securities regulators’ authority in the matter.
Today’s ruling reverses an earlier decision by a lower court that sided with Robinhood and declared the state’s fiduciary rule invalid.
“We…