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Robinhood CEO defends payment for order flow, says practice is ‘here to stay’ (www.cnbc.com)

submitted 11 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 5 points 11 months ago (1 children)

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?

[–] [email protected] 3 points 11 months ago (1 children)

https://www.youtube.com/watch?v=bP74RBTE8kI

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[–] [email protected] 2 points 11 months ago

Good bot