RobinHood...
- Thread starter The_Krakenite
- Start date
SEC has no teeth. That's not going to happen. And even if they tried, Citadel will show up and make statements how PFOF improves liquidity and thus is a benefit to Robinhood's clients.
We already went through that noise in 2013-15, Obama and SEC were not interested.
You and certain other people on ET are in a state of denial how PFOF benefits retail clients. I have previously shown how in a zero commission account the client benefits and how I would be a loser if I had to pay commissions. You can disregard reality. That is your choice. What I don't accept is certain posters on ET who want PFOF to be banned. If you don't like PFOF go to a broker like IB etc. that doesn't accept PFOF under some commission plans and pay a commission.
You missed the boat, a lot of us already are using IBKR. This is why I (as Peterffy has mentioned) get much better fills.
I didn't miss any boat. I presented my view point with numbers. You were not persuaded That is your viewpoint, fine. What is objectionable that there are posters who want to impose their viewpoint on others who disagree by trying to get PFOF banned.
I get better executed orders and options that dont cost $1.2-$2 a contract with Schwab, Fido and Etrade(.3-.50) After making over XX, 000 trades with IB in 2020-21 I never saw any tangible proof of better fills.
I love IB though!
We have now officially fallen into the $8 territory range in after-hours. Way to go!
It's ok bag-holders, don't panic, and keep calm! The exchanges have enforced the up-tick rule this morning to minimize the devastation that was about to commence. You can relax for now until next week. Maybe some more fools will keep jacking it up by then since no more legit price-discovery... 
