Mar. 31, 2023
-A broker should not be the first to receive orders. It should go to a public auction allowing a true price discovery of a stocks value. The technology is there and should be used -payment for order flow (PFOF)is clearly a conflict of interest and why it’s still allowed in the US blows my mind -PFOF firms such as robinhood have a clear interest in not helping the home traders and operate on false pretenses of helping any at home investor. -I regularly get better prices for stocks when utilizing a NONE PFOF firm suggesting a violation of FINRA’s best execution guidance. -enforcement of SEC rules needs to be improved and fines significantly increased. Sent from my iPhone