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Re:Robinhood’s Customers Are Hedge Funds Like Citadel, Its U... by riskneutral on Thursday January 28, 2021 @07:32PM (#25951815)
Stock brokers are not fiduciaries.
Re:Robinhood’s Customers Are Hedge Funds Like Citadel, Its U... by kasey_junk on Thursday January 28, 2021 @08:06PM (#25952164)
Sorry I used fiduciary imprecisely. All I meant to say, besides all the movement in the SEC position on wether brokers are advisors/not and what that implies about their responsibilities, there is case law and a regulatory agency responsible for it. Contrast that with Facebooks obligations to their users.