An iPhone user downloading the Robinhood App, a stock trading app, from the App Store. (Credit: Wachiwit/Shutterstock) Who Got the Work? Boies Schiller Fights Against Robinhood Financial Brokerage
"The opinion suggests that Big Tech is a law unto itself and they need not comply with the duties and laws everyone else in the financial industry must comply with," said Jesse Panuccio, a partner at Boies Schiller Flexner.
June 28, 2022 at 03:10 PM
4 minute read
A Fort Lauderdale Boies Schiller Flexner litigator is among the attorneys who filed a federal appeal of a potential nine-figure ruling to fight back against the notion that a stockbroker's use of modern technology to provide brokerage services absolved it of all statutory duties to its clients.
Jesse Panuccio, a Boies Schiller Flexner partner who inked the appeal to the U.S. Court of Appeals for the Eleventh Circuit, said if the district court's opinion in favor of Robinhood Financial LLC and additional defendants holds, it is a dangerous precedent for the clients who use these services.
Jesse Panuccio, partner with Boies Schiller Flexner, testifies before the Senate Judiciary Committee on Tuesday, February 25, 2020. This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
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