Robinhood CEO defends payment for order flow, says practice is ‘here to stay’::That’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.
Robinhood CEO defends payment for order flow, says practice is ‘here to stay’::That’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.
I mean I don’t trust Robin Hood, but do they sell the securities for more money? Or is it just they try and get you to make more trades? I’m not even sure how a broker would do that beyond making the fees 0. I mean, maybe if they were managing your investments for you, but they’re a discount broker where you do self directed trades right?
https://www.youtube.com/watch?v=bP74RBTE8kI