4 ms·
Yeah the 1st point is a "conspiracy" in that it's simply not true and what people who dislike Robinhood share amongst themselves as truth. Robinhood has lots o
by irjustin 4y ago
Yeah the 1st point is a "conspiracy" in that it's simply not true and what people who dislike Robinhood share amongst themselves as truth.
Robinhood has lots of problems, this is not one of them.
[edit]
Forgot about fractionals where this statement is true, but that's well known/accepted?
- bboygravity 4y agoYes counterfeit stock trading by RH is a conspiracy. But the fact that it happens in the US is not really a conspiracy as it has been documented quite thoroughly. A source/book about it is "Naked short and greedy". Internalizing trades however is less of a conspiracy. Almost all US brokers do this or offer this trade routing option. Here's the head of the SEC stating that almost all retail market orders on any broker never hit a lit exchange and are internalized: https://www.youtube.com/watch?v=wg8onYvJW3Q https://www.youtube.com/watch?v=wg8onYvJW3Q
- irjustin 4y agoSadly, I can't converse with you if you're willing to modify your original statements. Guess we should've quoted it. Originally this was talking about "fake/not-real ownership of the underlying stock", but now it says (quoting for good measure): > 1. lets people trade "stocks" that aren't stocks the way people think they are. All (convenient) trades (for its HF clients) get internalized and never ever hit any lit market/exchange. The fact that this is possible is a general issue with the US stock market and lack of meaningful regulation and policing. Now you're saying "internalized trading". Well this is 100% true - of all brokerages. So this no longer makes RH bad vs anyone else... you like Robinhood now?