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Robinhood Markets Inc. on Friday told Massachusetts regulators that it doesn t take advantage of inexperienced customers, capping a wild week during which the popular online brokerage drew fierce ire for doing just the opposite: standing in customers way. Still reeling from intense blowback from its decision this week to restrict customers from making trades on certain highflying stocks, Robinhood late Friday responded to a December complaint from Massachusetts securities regulators. The state has accused Robinhood of failing to protect its customers and their assets by aggressively marketing to inexperienced investors and failing to implement controls to protect them. In a 50-page response, Robinhood called the allegations false and the complaint misrepresents the Robinhood experience.

Commonwealth of massachusettsUnited statesCarol rothScott martinWilliam galvinGamestop corpEntertainment holdings incRobinhood markets incKingsview wealth managementFuture fileWall streetகாமன்வெல்த் ஆஃப் மாசசூசெட்ஸ்ஒன்றுபட்டது மாநிலங்களில்கரோல் ரோத்ஸ்காட் மார்டின்வில்லியம் கால்வின்