Massachusetts Supreme Court upholding the state’s fiduciary duty rule and holding Robinhood accountable by reversing a lower-court judge’s previous decision, is a huge victory for Main Street investors.
WASHINGTON, D.C.— Stephen Hall, Legal Director and Securities Specialist, issued the following statement on today’s decision in Robinhood Financial LLC v. Galvin, from the Supreme Judicial Court for the Commonwealth of Massachusetts, reversing a lower-court judge’s decision that struck down …