“This morning the Massachusetts Supreme Judicial Court made regulatory history. The Court ruled for investors, the Commonwealth’s fiduciary duty rule and against Robinhood by upholding the Massachusetts fiduciary duty rule.” Knut Rostad, Institute Press Briefing
Massachusetts Supreme Judicial Court Decision found here
The Institute Filed an Amicus Brief to the court on this case, found here
- August 25, 2023 (InvestmentNews, Mark Schoeff Jr.) – Massachusetts high court upholds state fiduciary rule covering brokers
- August 25, 2023 (Boston Herald, Flint McColgan) – Massachusetts’ highest court hands a win to state-level securities regulation in Robinhood case
- August 28, 2023 (FA Mag, Tracey Longo) – Will Affirmation Of Mass. Fiduciary Rule Have A Ripple Effect In Other States?
Institute Press Briefing, August 25, 2023