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.
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.