William Galvin News

Securities Broker Robinhood’s Fight Against Fiduciary Rule Before Massachusetts Court

Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. A subsidiary of Robinhood Markets Inc. and Massachusetts Secretary of …

Massachusetts to Investigate First Republic Executives’ Stock Sales: Reuters

Massachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the weeks leading up to the recent banking turmoil. Massachusetts’ Secretary of the Commonwealth William Galvin told Reuters his office has …

Massachusetts Lawmakers Approve Rental, Voter, Climate Bills as Deadline Looms

The Massachusetts Legislature gave final approval Monday to a bill that would tax and regulate short-term rentals, including those offered by Airbnb and other online platforms. After weeks of negotiations, House and Senate lawmakers reached agreement on the compromise bill …

Regulators Look to State Laws as Republicans Move to Change Dodd-Frank

State securities regulators said they may have to rely more heavily on local laws to police banks and finance companies if President-elect Donald Trump and a Republican-controlled Congress roll back federal reforms introduced after the financial crisis. For example, New …