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Court Sides with Wynn, MGC in Row over Boston Casino Land Price

Court Sides with Wynn, MGC in Row over Boston Casino Land Price
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Robinhood warns judge of dire industry consequences from Massachusetts case

Nate Raymond REUTERS/Brendan McDermid A lawyer for Robinhood Financial LLC on Wednesday warned a Massachusetts judge that allowing state regulators to enforce a new fiduciary rule against the company could disrupt modern retail trading and drive low-cost brokerages out of the state all together. Timothy Burke, a lawyer for Robinhood at Morgan, Lewis & Bockius, made those remarks as he urged a state court judge in Boston to block Massachusetts Secretary of State William Galvin from moving forward with his extraordinary enforcement case. Menlo Park, California-based Robinhood sued in April after Galvin moved to revoke the popular online brokerage s license to operate in the case after charging that it encourages inexperienced investors to place risky trades without limits.

United statesSuffolk countyTimothy burkeKenneth salingerLewis bockiusMyles mcdonoughWilliam galvinJohn donovanThomson reuters trust principlesFidelity investmentsRobinhood financialMassachusetts supreme judicial courtExchange commissionSuffolk county superior courtFinancial markets associationMassachusetts secretary

Robinhood loses bid to halt enforcement of Massachusetts fiduciary rule

Robinhood loses bid to halt enforcement of Massachusetts fiduciary rule The online trading app sued to overturn the state s fiduciary rule after Massachusetts accused Robinhood of manipulating customers. May 28, 2021 Robinhood Markets lost a bid to immediately stop Massachusetts securities regulators from enforcing a new rule that holds brokers accountable to a fiduciary standard of care. Superior Court Judge Kenneth Salinger denied Robinhood’s request for an injunction against the state rule but invited further argument from the online brokerage. “Robinhood will suffer no irreparable harm” if enforcement proceeds, Salinger said in an eight-page ruling. The company said it’s pleased the court will address the validity of the measure.

United statesKenneth salingerJacqueline ortiz ramsayDebra omalleyWilliam galvinSecurities divisionRobinhood marketsCourt judge kenneth salingerMassachusetts secretaryState william galvinஒன்றுபட்டது மாநிலங்களில்கெநெத் சாலிங்கர்ஜாக்குலின் ஆர்டீஸ் ராம்சேடெப்ரா ஓமல்லேய்வில்லியம் கால்வின்பத்திரங்கள் பிரிவு

Robinhood Cannot Block Massachusetts Securities Regulators Case, Judge Rules

Robinhood Cannot Block Massachusetts Securities Regulators Case, Judge Rules
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United statesSuffolk countyJacqueline ortiz ramsayKenneth salingerDebra omalleyGamestop corpExchange commissionSuffolk county superior courtCounty superior court judge kenneth salingerMassachusetts secretaryState bill galvinMenlo parkCalifornia based robinhoodஒன்றுபட்டது மாநிலங்களில்மூச்சுத் திணறல் கவுண்டிஜாக்குலின் ஆர்டீஸ் ராம்சே

Robinhood warns judge of dire industry consequences from Massachusetts case

Robinhood warns judge of dire industry consequences from Massachusetts case
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United statesSuffolk countyNate raymondTimothy burkeKenneth salingerLewis bockiusMyles mcdonoughWilliam galvinJohn donovanThomson reuters trust principlesFidelity investmentsRobinhood financialExchange commissionMassachusetts supreme judicial courtSuffolk county superior courtFinancial markets association