We love Massachusetts and our Massachusetts customers and we fully intend to continue serving them for the long term.
Robinhood has helped bring millions more people into our financial system, and the Massachusetts Securities Division’s attempt to prevent Massachusetts residents from choosing how to invest is elitist and against everything we stand for.
The Massachusetts Securities Division’s complaint reflects the old way of thinking: That new, younger, and more diverse investors don’t have a place in the markets.
By trying to block Robinhood, the Massachusetts Securities Division is attempting to bring its residents back in time and reinstate the financial barriers that Robinhood was founded to break down.
We will stand with our customers to enable them to invest how they want. We will not succumb to unfounded, politicized allegations and unreasonable demands from the Massachusetts Securities Division.
We welcome the opportunity to correct the record on both the facts and the law, and expect to prevail in this matter. Read more of our statement on the Massachusetts Securities Division’s complaint here: blog.robinhood.com/2021/4/15/stat…
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