SEC Chairman Gary Gensler has expressed concern that payment for order flow may create conflicts of interest for online trading apps and has hinted the agency may consider ending it. A leading Capitol ...
Robinhood’s zero-commission trading model came under scrutiny earlier this year during the WallStreetBets-fueled trading frenzy in GameStop Corp. (NYSE:GME) and other so-called “meme” stocks. The zero ...
If passed, the SEC's new rules would likely make payment for order flow a much less attractive business. Payment for order flow is the process of selling stock orders to market makers, who actually ...
During the House Financial Services Committee's Thursday hearing on the recent GameStop stock frenzy, there was talk of a practice known as "payment for order flow" (PFOF). To anyone not fluent in the ...
More than 70% of Robinhood's total revenue in the first quarter of 2022 came from PFOF. GameStop and AMC traders accused Citadel Securities of pressuring Robinhood to place trading halts and ...
Aug 30 (Reuters) - The Securities and Exchange Commission (SEC) Chairman Gary Gensler said a full ban of the controversial payment for order flow (PFOF) practice is "on the table," financial newspaper ...
Gary Gensler, the chair of the Securities and Exchange Commission, called payment for order flow “an inherent conflict of interest.” By Matt Phillips Gary Gensler, the chair of the Securities and ...
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