Robinhood to pay $7.5M to settle Massachusetts charges
'We reject the premise that any part of our app, past or present, is 'gamified,'' a Robinhood spokesperson notes.
Robinhood Financial agreed on Thursday to settle a 2020 case brought by the Secretary of the Commonwealth of Massachusetts, William Galvin, over the online trading platform’s use of gamification strategies to attract and manipulate customers, according to a statement from Galvin's office.
As p
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