FILE - This Thursday, Dec. 17, 2020 photo shows the logo for the Robinhood app on a smartphone in New York. Stakes are rising in Massachusetts’ legal battle against Robinhood Financial, and regulators are asking for the popular trading app's brokerage registration to be revoked, which would effectively bar it from the state. Robinhood, meanwhile, calls the complaint brought by Secretary of the Commonwealth William Galvin's office elitist and based on a rule that should not apply in its case. It’s asking to move the issue to a state court, rather than continue to work through an administrative process. (AP Photo/Patrick Sison)
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