Robinhood Financial have their say
However, the Robinhood Financial spokesperson had another opinion regarding the complaint, the company replied to the complaint saying: “Robinhood is a self-directed broker-dealer and we do not make investment recommendations. Over the past several months, we’ve worked diligently to ensure our systems scale and are available when people need them. We’ve also made significant improvements to our options offering, adding safeguards, and enhanced educational materials. Millions of people have made their first investments through Robinhood, and we remain continuously focused on serving them.”
Nevertheless, Massachusetts regulators don’t agree with Robinhood Financial. And they are keen to continue with their complaint, to protect the app users from what they perceive as a reckless and irresponsible business.
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