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A comment on SEC charges Robinhood $65M for misleading customers about revenue sources. Parent comment

Re:SEC charges Robinhood $65M for misleading customers about... by willdearden on Thursday December 17, 2020 @12:34PM (#25457836)
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.
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Re:SEC charges Robinhood $65M for misleading customers about... by jjtheblunt on Thursday December 17, 2020 @01:20PM (#25458460)
I 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?
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Re:SEC charges Robinhood $65M for misleading customers about... by kasey_junk on Thursday December 17, 2020 @03:02PM (#25459665)
That 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.
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Re:SEC charges Robinhood $65M for misleading customers about... by jjtheblunt on Thursday December 17, 2020 @04:54PM (#25461015)
well said
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