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Massachusetts accuses stock trading app Robinhood of predatory marketing Maggie Fitzgerald, CNBC © Provided by NBC News Stock trading app Robinhood is being accused of using reckless, exploitive business tactics on its millennial clientele. “The worst aspect of what they do clearly is the way they are gamifying the idea of investing,” Massachusetts Secretary of the Commonwealth William Galvin told CNBC’s “Squawk Alley” on Wednesday. “This is a very reckless company when it comes to these investors. They’re interested in expanding their market base, they’re not interested in serving their investors,” Galvin said. The complaint cites Robinhood’s “aggressive tactics to attract inexperienced investors, its use of gamification strategies to manipulate customers, and its failure to prevent frequent outages and disruptions on its trading platform.” The complaint is the first enforcement of Massachusetts’ Fiduciary Rule, which Galvin began

United statesWilliamf galvinWilliam galvinMassachusetts securities divisionCommonwealth william galvinMassachusett fiduciary ruleஒன்றுபட்டது மாநிலங்களில்வில்லியம் கால்வின்மாசசூசெட்ஸ் பத்திரங்கள் பிரிவுகாமன்வெல்த் வில்லியம் கால்வின்