Tagged: payment for order flow

Robinhood Rises on Back of Chatter that Payment for Order Flow will Remain in Place

Robinhood (NASDAQ:HOOD), a social trading platform providing access to both traditional securities and crypto, is seeing a bump in its share price as chatter indicates that the practice of Payment for Order Flow – will remain in place. Robinhood promotes is a fee trading service… Read More

Investor Freedom Act of 2021: Senator Toomey Introduces Bill to Protect Payment for Order Flow

Senator Pat Toomey, the ranking member on the Senate Banking Committee, has introduced legislation designed to protect payment for order flow – the legal practice where firms pay to process trades collected by broker-dealers. The practice has garnered scrutiny due to its utilization by Robinhood,… Read More

SEC Chairman Gensler Grilled by Republicans on Senate Banking Committee, Ranking Member Toomey Supports Regulatory Clarity for Crypto

SEC Chairman Gary Gensler marched up to Capitol Hill yesterday to testify in front of the Senate Banking Committee in a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”.  Gensler outlined his ambitions at the SEC in his prepared remarks. While Gensler received… Read More

Robinhood Attempts to Demystify Payment for Order Flow

Robinhood, a digital investment platform that is heavy on social engagement, has been battered by its use of the practice of payment for order flow. This is where the trading platform sells the ability for dealers to route trades in their direction. Because Robinhood offers… Read More

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