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.
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.
Just because dicks and idiots are getting scammed doesn’t make it right.
Because they don’t know better.
It’s because in 2008 we decided that some financial institutions were “too big to fail,” so now every institution wants to have a fucking credit card attached to their business model to catch the wave of that “too big to fail” dollar.
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
Here is an alternative Piped link(s):
https://www.piped.video/watch?v=bP74RBTE8kI
Piped is a privacy-respecting open-source alternative frontend to YouTube.
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Good bot