4 ms·

Robinhood customers would be better off trading at another broker-dealer

• tonetheman 6y ago
  Why? Can someone really explain it? I mean another broker dealer is going to make money on me someway as is Robinhood. Why is one better than the other?
  • KKKKkkkk1 6y ago
    It looks like Twitter shows the thread that I linked to but not the specific post. The post says An internal Robinhood report from 2019 “concluded that Robinhood customers would be better off trading at another broker-dealer” for any trade of more than 100 shares. https://www.sec.gov/litigation/admin/2020/33-10906.pdf https://www.sec.gov/litigation/admin/2020/33-10906.pdf The details are in paragraph 40 of the SEC complaint. Nathaniel Popper has posted more details here: https://twitter.com/nathanielpopper/status/1340021853411164160 https://twitter.com/nathanielpopper/status/13400218534111641....
  • deleted 6y ago
    [deleted]