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Join the Securities Litigation and Enforcement Group on LinkedInRobinhood Stock Drops After SEC Chairman Warns on Payment for Order Flow – WSJ
Shares of Robinhood Markets Inc. tumbled on Monday after the head of the Securities and Exchange Commission signaled that he was open to banning payment for order flow, a practice that accounts for most of the online brokerage’s revenues. Robinhood shares closed 6.9% lower after Barron’s published an interview with SEC Chairman Gary Gensler in […]