Article: Robinhood Selling Order Flow to Enable Illegal Front Running by Wall Street

Article - Media

New filing shows Robinhood brought in close to $100 million by offloading order flow in the first quarter

Frank Chaparro

TheBlockCrypto.com, 15 June 2020

  • The new 606 filed at the end of May shows net payments made to Robinhood increased from $19.4 million in January to $45.4 million in March
  • Payments for options orders made up the lion’s share of total payments

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Fined: FINRA Fines Robinhood Financial, LLC $1.25 Million for Best Execution Violations

Fined

FINRA Fines Robinhood Financial, LLC $1.25 Million for Best Execution Violations

FINRA found that for more than a year, Robinhood—which offers its customers the ability to trade in equity securities without being charged commissions—routed its customers’ non-directed equity orders to four broker-dealers, all of which paid Robinhood for that order flow. This arrangement is known in the brokerage industry as payment for order flow.

Comment: Robinhood fined and just look what they do They let you trade for FREE how? Nothing is free in this world right, well they sell your order to another firm (the get paid for it) You get your trade for free everyone happy. BUT who wants your orders? You guess it NAKED SHORT SELLING firms. They trade against you order for example if your buying 5K of shares of SRNE on firday THE order is naked shorted by Them Never making it to the market at all. If you sell it and they are short. You can bet your kidney on it they will let that 5K go to the market and help drive it lower NEVER being the buyer. Thats the game. AND ROBINHOOD is helping the crooks for profit and screwing their own CLIENT.