this post was submitted on 03 Dec 2023
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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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[–] Imgonnatrythis@sh.itjust.works 46 points 2 years ago* (last edited 2 years ago) (7 children)

Assume their client base is all dicks and idiots at this point so why not? I don't understand why anyone trusts their money to these clowns.

[–] jmp242@sopuli.xyz 5 points 2 years ago (3 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?

[–] min_fapper@iusearchlinux.fyi 3 points 2 years ago (1 children)
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