Subject: Administrative Proceedings File No. 3-20171
From: Branden Ferreira
Affiliation:

Jun. 21, 2021

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To whom it may concern,  


I have used Robinhood since 2017 mainly because of the promise of "commission free" trading. I was always unsure with investing because of high commission fees. I did not feel it was worth making money only to have massive fees taken away by brokerages.That being said, as a new investor I found Robinhood an extremely attractive opportunity for not only to make a little side money (if possible), but to also learn the market. I have been noticing my processed orders have been slightly higher then the exacuted orders. At first I didn't think much of it. I thought to myself, "well the price of the security must have changed in the few seconds of it being processed". However, as time went on I have only been noticing that these price differences have been increasing ever since. I began noticing my orders were not matching up and my statements had dollar amounts that were exponentially higher then I had invested. I do believe that a good majority of what I have personally invested has been taken unknowingly. Had I've known money would slipping away right from under my nose I would have not only invested my money, I would not have invested my time. Thank you for the opportunity to comment on this concerning topic.  
- Branden Ferreira