Re:Robinhood to pay $70M for 'systemic supervisory failures'
by Grim-444 on Wednesday June 30, 2021 @02:20PM
(#27691840)
I don't really buy this argument, since you can sign up at most traditional brokerages for free, with no minimum balance, and zero or almost zero trading fees on most trades. There's absolutely no more barrier to entry than with Robinhood.
[ Parent
| on HN ]
Re:Robinhood to pay $70M for 'systemic supervisory failures'
by kyawzazaw on Wednesday June 30, 2021 @03:08PM
(#27692344)
Robinhodd started that push, no? They were comission based before
Re:Robinhood to pay $70M for 'systemic supervisory failures'
by hangonhn on Wednesday June 30, 2021 @03:02PM
(#27692297)
Agree with you on that. I don't see any advantages to RH at all but they were the first to really target that group and has already acquired them as users. That group of users is worth a lot and will be worth even more over time.