新闻于2020.12发布,也算是近期的
全文如下连结,仅就重点做结语 (英文不好请见谅)
SEC发现,Robinhood对使用者的卖点之一是交易“免佣金"
但Robinhood收入来源之一,是将客户的交易资料exchange给"交易机构"
SEC发现,即使Robinhood使用者因为不付佣金而节省下来的费用,
Robinhood也从这些使用者身上剥夺了3,410万美元
Robinhood同意支付6500万美元来解决这些指控。
https://www.sec.gov/news/press-release/2020-321
According to the SEC’s order, between 2015 and late 2018,
Robinhood made misleading statements and omissions in customer communications,
including in FAQ pages on its website, about its largest revenue source
when describing how it made money – namely, payments from trading firms
in exchange for Robinhood sending its customer orders to those firms
for execution, also known as “payment for order flow.”
As the SEC’s order finds, one of Robinhood’s selling points to customers
was that trading was “commission free,”
but due in large part to its unusually high payment for order flow rates,
Robinhood customers’ orders were executed at prices that were
inferior to other brokers’ prices.
Despite this, according to the SEC’s order,
Robinhood falsely claimed in a website FAQ between
October 2018 and June 2019 that its execution quality matched or beat that
of its competitors.
The order finds that Robinhood provided inferior trade prices that
in aggregate deprived customers of $34.1 million even after taking into
account the savings from not paying a commission.
Robinhood made these false and misleading statements during the time
in which it was growing rapidly.
https://reurl.cc/3NjEOV
在搭配华尔街日报新闻:
RH把使用者购买或出售股票或期权的订单资料,卖给高频交易公司来收取费用
这种做法被称为订单流支付,是零售经纪人执行客户交易的一种常见方式。
批评人士说,订单流支付会给出售订单的经纪人造成利益冲突。
这种做法疑虑,因为这可能导致老练的交易者剥削投资人