Robinhood bet it could introduce tremendous amounts of risk into the financial system, push it onto its users & the market at large, and insulate itself from consequences. And it would have gotten away with it too, if it weren’t for those meddling kids!https://notboring.substack.com/p/robinhood-robinhooded-robinhood …
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The SEC has looked at PFOF a lot over the many years since Flash Boys and they ain’t done shit. All they did was mandate greater disclosure via 606. If they didnt do shit then with all of the various roundtables and investigations, they probably aint doing shit now.
Agreed. The end of PFOF will come from angry customers before it comes from angry regulators imo
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Peeps will forget, move on with their lives and continue to enjoy the Citadel/Virtu funded free trades. Don’t think they’ll be tipping to trade as if they’re watching Twitch or it’s Patreon.
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