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More like broker 1 offered it to me for 95 and to pay Robinhood 1. Broker 2 offered it to me for 97 and to pay Robinhood 2. Robinhood took the offer from broker
by willdearden 6y ago
More like broker 1 offered it to me for 95 and to pay Robinhood 1. Broker 2 offered it to me for 97 and to pay Robinhood 2. Robinhood took the offer from broker 2. No collusion necessary but they weren’t acting in the best interests of their customers according to stated offers.
- jjtheblunt 6y agoI always thought that Robinhood's customers were not folks with the Robinhood app, but rather the association of their traffic with clearing houses like Citadel?
- kasey_junk 6y agoThat may be true in the “your customers are who pay you” judgement but it’s definitely not true in the “who you have a fiduciary duty to” sense.
- jjtheblunt 6y agowell said