舊聞:RH同意支付6500萬美元與SEC和解 - 股票

新聞於2020.12發布，也算是近期的

全文如下連結，僅就重點做結語 (英文不好請見諒)

SEC發現，Robinhood對使用者的賣點之一是交易“免佣金"

但Robinhood收入來源之一，是將客戶的交易資料exchange給"交易機構"

SEC發現，即使Robinhood使用者因為不付佣金而節省下來的費用，

Robinhood也從這些使用者身上剝奪了3,410萬美元


Robinhood同意支付6500萬美元來解決這些指控。

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

在搭配華爾街日報新聞:

RH把使用者購買或出售股票或期權的訂單資料，賣給高頻交易公司來收取費用

這種做法被稱為訂單流支付，是零售經紀人執行客戶交易的一種常見方式。

批評人士說，訂單流支付會給出售訂單的經紀人造成利益衝突。

這種做法疑慮，因為這可能導致老練的交易者剝削投資人

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