Mar. 31, 2023
To our Saviors, the SEC, In December 2020, Robinhood was charged by y'all with failure to satisfy its best execution obligation, resulting in an aggregate loss of $34.1 million for its customers. Robinhood made misleading statements and did not disclose payments received for routing trades to specific firms. Citadel paid y'all $22.6 million in 2017 to settle best execution charges for executing customer trades at less favourable pricing when a better price was available. They know it's wrong and they still abuse the system. Any penalties are merely the cost of doing business. Crime pays and they are the bad guys. Please do the right thing, Nathan -Nathan Novak