'By encouraging inexperienced investors to continuously execute trades, “Robinhood prioritized its revenue over the best interest of its customers,” the complaint says.' https://t.co/AhsAG19Ws3
— Jesse Felder (@jessefelder) December 16, 2020
MA regulators go after Robinhood's "gamification."
— Tim Stenovec (@timsteno) December 16, 2020
"The complaint alleges that, through the promise of free stocks, push notifications and its signature digital confetti, Robinhood encourages 'continuous and repeated engagement with its application.'"https://t.co/uvRufM0zht
who'da thunk gamifying day trading would work out badly https://t.co/m5WZgDDIdo
— David Gerard ?? (@davidgerard) December 16, 2020
Massachusetts securities regulators are expected to file a complaint today against the wildly popular trading platform Robinhood, alleging the company aggressively marketed to inexperienced investors and failed to implement controls to protect them.https://t.co/CtuS1Enm6d
— Demetri Kofinas (@kofinas) December 16, 2020
Massachusetts regulator to file complaint against Robinhood, alleging the company "aggressively marketed to inexperienced investors and failed to implement controls to protect them"https://t.co/VTiWAri5qF#fintech #finserv #Robinhood #RobinhoodTraders
— Jason Mikula (@mikulaja) December 16, 2020
Robinhood’s trading platform exposed Massachusetts investors to “unnecessary trading risks,” according to a complaint expected to be filed by the state’s securities regulators https://t.co/Y2V1qld9M7
— Anthony DeRosa ? (@Anthony) December 16, 2020
Massachusetts Sec. of Commonwealth Galvin says Robinhood is a reckless company gamifying investing https://t.co/lQIEGZ0QL4
— CNBC (@CNBC) December 16, 2020
マサチューセッツ州の当局が、来年の上場を目指す株式取引アプリであるRobinhoodを、「執拗に投資未経験者を取り込もうとする戦略」や、「投資家を欺くゲーミフィケーションの戦略」を理由に提訴された https://t.co/T8vRH79h1q
— Kohey / Rakuten USA (@Koheiya) December 16, 2020
Robinhood reportedly facing complaint by Massachusetts regulators over risks to young users https://t.co/sOqDEs7lI7
— CNBC (@CNBC) December 16, 2020
The final project in our “Finance & Society” class @mitpsts asked students to analyze social implications of a current financial technology. Many chose Robinhood — and they nailed everything in this am’s complaint: gamification, pushing options trading... https://t.co/CVpRqBChvo
— Will Deringer (@WilliamDeringer) December 16, 2020