Regulators seek to revoke Robinhood's license in US' Massachusetts

Massachusetts' securities regulator is seeking to revoke Robinhood's broker-dealer license in the state. The head of the US state's securities division said Robinhood has "continued a pattern of aggressively inducing...trading among...customers...with little or no investment experience". Robinhood has filed a lawsuit seeking to invalidate a fiduciary rule that it has been accused of violating.