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Analysis

Robinhood Loss Could Push More States Beyond Reg BI

By Jessica Corso (August 29, 2023, 5:10 PM EDT) -- A Massachusetts Supreme Court ruling upholding a strict fiduciary duty standard for brokerage apps like Robinhood could bolster efforts by states like Nevada and New Jersey to write regulations that go beyond what the U.S. Securities and Exchange Commission requires under a 2019 standard known as Regulation Best Interest....

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