Reply With Quote
It seems the chief legal officer's confidence was not shared by investors. Robinhood's own stock was still down 1.4% today.
Likes: 0
Robinhood's chief legal officer says the SEC won't ban payment for order flow
Robinhood's chief legal officer says the SEC won't ban payment for order flow
The SEC will "arrive at the conclusion that payment for order flow is undoubtedly an amazingly good thing for retail investors... they're not going to ban it."
More @ CNBC...
Re: Robinhood's chief legal officer says the SEC won't ban payment for order flow
It seems the chief legal officer's confidence was not shared by investors. Robinhood's own stock was still down 1.4% today.
Last Look Report |TSP Talk Weekly Wrap Up
Chart Patterns | An ETF Trading Primer
Disclaimer: This is not advice or a recommendation.
Re: Robinhood's chief legal officer says the SEC won't ban payment for order flow
Retail investors really don't care about it because it allows for free trades. There may still be a fee, like getting a buy order filled at .001 cents above the ask, but that's better than paying $7 both ways, especially on small accounts.
Most of the payment for order flow hype was probably drummed up by rivals of Citadel who are missing out.
Posting Permissions
|
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
|
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
|||||
Bookmarks