Massachusetts regulator seeks to revoke Robinhood's broker-dealer license
State regulators claim that Robinhood has targeted inexperienced investors. Massachusetts' securities regulator is seeking to revoke the broker-dealer license of cryptocurrency-friendly stock trading app Robinhood in the state.William Galvin, the head of the state’s securities division, said in a new administrative complaint that Robinhood has “continued a pattern of aggressively inducing and enticing trading among its customers — including Massachusetts customers with little or no investment experience,” Bloomberg reports Thursday.The new filing is a follow-up to a complaint filed by....
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The Boston Blockchain Association has published crypto regulatory advisory guidelines for lawmakers in Massachusetts to consider. The Boston Blockchain Association, or BBA, together with Boston-based media house Media Shower and the Chamber of Digital Commerce are working to lobby for favorable crypto regulations in Massachusetts.According to a release issued on Monday, the BBA in collaboration with Media Shower and the Chamber of Digital Commerce has released a crypto regulatory toolkit for lawmakers in the state.Dubbed the Massachusetts Edition of the Legislator’s Toolkit for Blockchain....
The Commonwealth of Massachusetts plans to sue Robinhood for alleged violation of state laws and regulations not related to crypto. Massachusetts securities regulators are reportedly preparing to file a complaint against a major cryptocurrency-friendly trading platform, Robinhood.According to a Dec. 16 report by the Wall Street Journal, Massachusetts regulators alleged that Robinhood's marketing illegally targeted inexperienced investors. According to a final draft of a 20-page administrative complaint reviewed by the WSJ, the enforcement arm of the Massachusetts Securities Division said....
INX Limited, a cryptocurrency exchange that went public on Ethereum last month, agreed to purchase U.S. broker-dealer Openfinance Securities.
But Bitcoin Suisse still has "many options on the table," says the firm's CEO. Switzerland's Financial Market Supervisory Authority — the country's principal financial regulator — has denied Bitcoin Suisse's application for a banking license. According to an official announcement on March 17, Bitcoin Suisse's current application is ineligible for approval on the grounds that "various elements that are relevant under licensing law make it unlikely that a license will be granted."The regulator said that it has withdrawn Bitcoin Suisse's application for a banking license and terminated the....