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Does this cut them off from their revenue source? That would seem a bigger issue for them than the fine.
by gk1 6y ago
Does this cut them off from their revenue source? That would seem a bigger issue for them than the fine.
- fwsgonzo 6y agoLooks like it was a cease-and-desist
- rwmurrayVT 6y agoThey only cost customers $35kk in execution compared to other brokers. I suspect they will take a hit in revenue, but the order routing will still be valuable.
- gruez 6y agoAFAIK payment for order flow is legal, and most of the other brokers do it as well.