Re:Robinhood S-1 IPO
by tptacek on Friday July 02, 2021 @01:55AM
(#27708215)
Is your suggestion that PFOF is "contentious"? Because practically all retail traders are customers of brokers that get rebated for sending trades to firms like Citadel. Even IB does on their normal plans. Message board people believe a lot of weird things about how markets work.
[ Parent
| on HN ]
It's contentious in the sense that there's a non-zero probability that the SEC could step in and ban that practice, which is something that Robinhood outlines in their S-1 filing under the risks section.
>Message board people believe a lot of weird things about how markets work.
Message board people also love reading comments and not looking at the articles they're typically commenting about.