SEC Will Not Prohibit Payment for Order Flow

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SEC Will Not Prohibit Payment for Order Flow

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The SEC is not mosting likely to seek a restriction on payment for order flow (PFOF) at this time, according to a report in Bloomberg on Sept. 22, 2022

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This represents a win for on-line broker Robinhood (HOOD), however its shares have sunk after an early rally

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prior to the marketplace open on Sept. 22, 2022, shares of Robinhood struck a high of $11.07, up by 11.6% from the prior close

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For the year to date in 2022, Robinhood's shares are down by about 46%

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Robinhood has actually paid large penalties in the past to the SEC and also FINRA over PFOF and also various other techniques

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Everything You Wanted to Know about Cryptocurrency, Before Invest

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References:- 1. investopedia.com 2. tomsguide.com 3. financemagnates.com

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SEC Will Not Prohibit Payment for Order Flow

Hope You Will Get Information as You Wish and Enjoy This Web Story

Hope You Will Get Information as You Wish and Enjoy This Web Story