The popular investing app Robinhood is facing continued challenges and pushback from the state.
Massachusetts Secretary of State William Galvin’s office is now trying to revoke the company’s securities license, according to The Boston Globe. And in response, Robinhood has sued to block any action.
This is just the latest installment in an ongoing battle. In December, the state said via a complaint that the app makes stock trading into a game-like experience for people without experience in investing. Officials also allege that Robinhood has gone down at times, and the company needs to fix it.
Robinhood, which made national headlines earlier this year for its involvement in the
→ Continue reading at Boston - Business