Robinhood Extends Slump on Payment for Order Flow Ban Fears

Bloomberg2021-08-31

(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...

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Comments

LaiSB
2021-08-31
LaiSB
Up hood
JingSheng
2021-08-31
JingSheng
Like
- Dazhu:
  done
LHJarsenal
2021-08-31
LHJarsenal
Like pls
- elroykoh:
  good
Azelia
2021-08-31
Azelia
like pls
- JingSheng:
  Done
- JeremyO:
  k
JoyJoyce
2021-08-31
JoyJoyce
Latest
lu_lu
2021-08-31
lu_lu
[強]

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Still, any mention of an outright ban can rattle investors in part because payment for order flow makes up a significant share of Robinhood’s revenue: the company brought in about 80% of its second-quarter revenue from payments for its customers’ stock, options and cryptocurrency transactions.\nBrokers like Robinhood profit by selling trades, prompting some lawmakers to question whether that encourages firms to push clients to engage in excessive buying and selling. In the Monday interview with the online news publication, Gensler said it allows market makers to get a “first look” at transaction data that may lead to unfair advantages.\nGensler has also previously pointed out that countries including the U.K. have already prohibited payment for order flow. 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Studies have found PFOF led to favorable prices for retail investors, so regulation to enforce good execution is a more likely outcome than a ban.”-- Julie Chariell, BI senior fintech industry analyst","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":818556922,"gmtCreate":1630421214366,"gmtModify":1676530299682,"author":{"id":"3585312804980408","authorId":"3585312804980408","name":"LaiSB","avatar":"https://static.tigerbbs.com/02ab60e191d391b446c88630f4f1e822","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3585312804980408","idStr":"3585312804980408"},"htmlText":"Up hood","listText":"Up hood","text":"Up hood","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818556922","repostId":1134170600,"repostType":4,"repost":{"id":"1134170600","kind":"news","pubTimestamp":1630414243,"share":"https://ttm.financial/m/news/1134170600?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:50","market":"us","language":"en","title":"Robinhood Extends Slump on Payment for Order Flow Ban Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1134170600","media":"Bloomberg","summary":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities ","content":"<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Still, any mention of an outright ban can rattle investors in part because payment for order flow makes up a significant share of Robinhood’s revenue: the company brought in about 80% of its second-quarter revenue from payments for its customers’ stock, options and cryptocurrency transactions.\nBrokers like Robinhood profit by selling trades, prompting some lawmakers to question whether that encourages firms to push clients to engage in excessive buying and selling. In the Monday interview with the online news publication, Gensler said it allows market makers to get a “first look” at transaction data that may lead to unfair advantages.\nGensler has also previously pointed out that countries including the U.K. have already prohibited payment for order flow. Some in the financial industry have questioned whether the SEC would need additional authority from Congress to ban the practice outright.\nJaret Seiberg, a policy analyst at Cowen Inc., said that it would be difficult to make any big changes to the system.\n“Gensler has other priorities and he is unlikely to move directly against payment for order flow given the complexity of the issue and the complicated politics that surround payment for order flow,” Seiberg wrote in a note.\nWhat Bloomberg Intelligence Says:\n“He didn’t rule out banning PFOF, but we don’t think he’s strongly inclined to do so, perhaps opting instead to propose amendments as soon as 4Q. Studies have found PFOF led to favorable prices for retail investors, so regulation to enforce good execution is a more likely outcome than a ban.”-- Julie Chariell, BI senior fintech industry analyst","news_type":1,"symbols_score_info":{"HOOD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":818227277,"gmtCreate":1630415836099,"gmtModify":1676530296947,"author":{"id":"3566602737531868","authorId":"3566602737531868","name":"JingSheng","avatar":"https://static.tigerbbs.com/98a2fb0ae83308b7e8390285fec5920d","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3566602737531868","idStr":"3566602737531868"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818227277","repostId":1134170600,"repostType":4,"repost":{"id":"1134170600","kind":"news","pubTimestamp":1630414243,"share":"https://ttm.financial/m/news/1134170600?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:50","market":"us","language":"en","title":"Robinhood Extends Slump on Payment for Order Flow Ban Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1134170600","media":"Bloomberg","summary":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities ","content":"<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Extends Slump on Payment for Order Flow Ban Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134170600","content_text":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the table.”\nRobinhood fell about 3.3% in early trading Tuesday after Gensler told Barron’s the day before that paying for order flow -- where brokerages send customer orders to trading firms and receive payments in return -- has “an inherent conflict of interest.”\nGensler has previously made similar points about the practice, which has been in Washington’s crosshairs for months as policy makers scrutinize the mechanics of retail trading in the wake of the run-up in meme stocks like GameStop Corp. Still, any mention of an outright ban can rattle investors in part because payment for order flow makes up a significant share of Robinhood’s revenue: the company brought in about 80% of its second-quarter revenue from payments for its customers’ stock, options and cryptocurrency transactions.\nBrokers like Robinhood profit by selling trades, prompting some lawmakers to question whether that encourages firms to push clients to engage in excessive buying and selling. In the Monday interview with the online news publication, Gensler said it allows market makers to get a “first look” at transaction data that may lead to unfair advantages.\nGensler has also previously pointed out that countries including the U.K. have already prohibited payment for order flow. Some in the financial industry have questioned whether the SEC would need additional authority from Congress to ban the practice outright.\nJaret Seiberg, a policy analyst at Cowen Inc., said that it would be difficult to make any big changes to the system.\n“Gensler has other priorities and he is unlikely to move directly against payment for order flow given the complexity of the issue and the complicated politics that surround payment for order flow,” Seiberg wrote in a note.\nWhat Bloomberg Intelligence Says:\n“He didn’t rule out banning PFOF, but we don’t think he’s strongly inclined to do so, perhaps opting instead to propose amendments as soon as 4Q. Studies have found PFOF led to favorable prices for retail investors, so regulation to enforce good execution is a more likely outcome than a ban.”-- Julie Chariell, BI senior fintech industry analyst","news_type":1,"symbols_score_info":{"HOOD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5706346,"gmtCreate":1630416413414,"gmtModify":1663233174449,"authorId":3575197337244742,"author":{"id":3575197337244742,"idStr":"3575197337244742","authorId":3575197337244742,"name":"Dazhu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":818227277,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":818226164,"gmtCreate":1630415463258,"gmtModify":1676530296841,"author":{"id":"3578967818815253","authorId":"3578967818815253","name":"LHJarsenal","avatar":"https://static.tigerbbs.com/a0d7e1e2167d189c3611e1bcef48e104","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3578967818815253","idStr":"3578967818815253"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818226164","repostId":1134170600,"repostType":4,"repost":{"id":"1134170600","kind":"news","pubTimestamp":1630414243,"share":"https://ttm.financial/m/news/1134170600?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:50","market":"us","language":"en","title":"Robinhood Extends Slump on Payment for Order Flow Ban Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1134170600","media":"Bloomberg","summary":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities ","content":"<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Extends Slump on Payment for Order Flow Ban Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134170600","content_text":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the table.”\nRobinhood fell about 3.3% in early trading Tuesday after Gensler told Barron’s the day before that paying for order flow -- where brokerages send customer orders to trading firms and receive payments in return -- has “an inherent conflict of interest.”\nGensler has previously made similar points about the practice, which has been in Washington’s crosshairs for months as policy makers scrutinize the mechanics of retail trading in the wake of the run-up in meme stocks like GameStop Corp. Still, any mention of an outright ban can rattle investors in part because payment for order flow makes up a significant share of Robinhood’s revenue: the company brought in about 80% of its second-quarter revenue from payments for its customers’ stock, options and cryptocurrency transactions.\nBrokers like Robinhood profit by selling trades, prompting some lawmakers to question whether that encourages firms to push clients to engage in excessive buying and selling. In the Monday interview with the online news publication, Gensler said it allows market makers to get a “first look” at transaction data that may lead to unfair advantages.\nGensler has also previously pointed out that countries including the U.K. have already prohibited payment for order flow. Some in the financial industry have questioned whether the SEC would need additional authority from Congress to ban the practice outright.\nJaret Seiberg, a policy analyst at Cowen Inc., said that it would be difficult to make any big changes to the system.\n“Gensler has other priorities and he is unlikely to move directly against payment for order flow given the complexity of the issue and the complicated politics that surround payment for order flow,” Seiberg wrote in a note.\nWhat Bloomberg Intelligence Says:\n“He didn’t rule out banning PFOF, but we don’t think he’s strongly inclined to do so, perhaps opting instead to propose amendments as soon as 4Q. Studies have found PFOF led to favorable prices for retail investors, so regulation to enforce good execution is a more likely outcome than a ban.”-- Julie Chariell, BI senior fintech industry analyst","news_type":1,"symbols_score_info":{"HOOD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5706259,"gmtCreate":1630415521085,"gmtModify":1663233172927,"authorId":3585390653902487,"author":{"id":3585390653902487,"idStr":"3585390653902487","authorId":3585390653902487,"name":"elroykoh","avatar":"https://static.tigerbbs.com/5f1cb99f57dff64b0d887141993eb086","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":818226164,"type":1,"supId":0,"prevId":0,"content":"<u>good</u>","text":"<u>good</u>","html":"<u>good</u>"}],"langContent":"EN"},{"id":818220377,"gmtCreate":1630415113999,"gmtModify":1676530296728,"author":{"id":"3582015738498025","authorId":"3582015738498025","name":"Azelia","avatar":"https://static.tigerbbs.com/44f8185952d41c4ad8e9dcacabe12506","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3582015738498025","idStr":"3582015738498025"},"htmlText":"like pls","listText":"like pls","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/818220377","repostId":1134170600,"repostType":4,"repost":{"id":"1134170600","kind":"news","pubTimestamp":1630414243,"share":"https://ttm.financial/m/news/1134170600?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:50","market":"us","language":"en","title":"Robinhood Extends Slump on Payment for Order Flow Ban Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1134170600","media":"Bloomberg","summary":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities ","content":"<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Extends Slump on Payment for Order Flow Ban Fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Extends Slump on Payment for Order Flow Ban Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134170600","content_text":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the table.”\nRobinhood fell about 3.3% in early trading Tuesday after Gensler told Barron’s the day before that paying for order flow -- where brokerages send customer orders to trading firms and receive payments in return -- has “an inherent conflict of interest.”\nGensler has previously made similar points about the practice, which has been in Washington’s crosshairs for months as policy makers scrutinize the mechanics of retail trading in the wake of the run-up in meme stocks like GameStop Corp. Still, any mention of an outright ban can rattle investors in part because payment for order flow makes up a significant share of Robinhood’s revenue: the company brought in about 80% of its second-quarter revenue from payments for its customers’ stock, options and cryptocurrency transactions.\nBrokers like Robinhood profit by selling trades, prompting some lawmakers to question whether that encourages firms to push clients to engage in excessive buying and selling. In the Monday interview with the online news publication, Gensler said it allows market makers to get a “first look” at transaction data that may lead to unfair advantages.\nGensler has also previously pointed out that countries including the U.K. have already prohibited payment for order flow. Some in the financial industry have questioned whether the SEC would need additional authority from Congress to ban the practice outright.\nJaret Seiberg, a policy analyst at Cowen Inc., said that it would be difficult to make any big changes to the system.\n“Gensler has other priorities and he is unlikely to move directly against payment for order flow given the complexity of the issue and the complicated politics that surround payment for order flow,” Seiberg wrote in a note.\nWhat Bloomberg Intelligence Says:\n“He didn’t rule out banning PFOF, but we don’t think he’s strongly inclined to do so, perhaps opting instead to propose amendments as soon as 4Q. Studies have found PFOF led to favorable prices for retail investors, so regulation to enforce good execution is a more likely outcome than a ban.”-- Julie Chariell, BI senior fintech industry analyst","news_type":1,"symbols_score_info":{"HOOD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5706288,"gmtCreate":1630415847880,"gmtModify":1663233176241,"authorId":3566602737531868,"author":{"id":3566602737531868,"idStr":"3566602737531868","authorId":3566602737531868,"name":"JingSheng","avatar":"https://static.tigerbbs.com/98a2fb0ae83308b7e8390285fec5920d","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":818220377,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":5706224,"gmtCreate":1630415142228,"gmtModify":1663233174525,"authorId":3577352574692957,"author":{"id":3577352574692957,"idStr":"3577352574692957","authorId":3577352574692957,"name":"JeremyO","avatar":"https://static.tigerbbs.com/733a7de2eec0063dddeecd95d14df764","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":818220377,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"}],"langContent":"EN"},{"id":818267146,"gmtCreate":1630415001185,"gmtModify":1676530296712,"author":{"id":"3582512755660221","authorId":"3582512755660221","name":"JoyJoyce","avatar":"https://static.tigerbbs.com/5bb5d46e6bc286bef17e50a5c3c12d88","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3582512755660221","idStr":"3582512755660221"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818267146","repostId":1134170600,"repostType":4,"repost":{"id":"1134170600","kind":"news","pubTimestamp":1630414243,"share":"https://ttm.financial/m/news/1134170600?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:50","market":"us","language":"en","title":"Robinhood Extends Slump on Payment for Order Flow Ban Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1134170600","media":"Bloomberg","summary":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities ","content":"<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood Extends Slump on Payment for Order Flow Ban Fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Extends Slump on Payment for Order Flow Ban Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134170600","content_text":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the table.”\nRobinhood fell about 3.3% in early trading Tuesday after Gensler told Barron’s the day before that paying for order flow -- where brokerages send customer orders to trading firms and receive payments in return -- has “an inherent conflict of interest.”\nGensler has previously made similar points about the practice, which has been in Washington’s crosshairs for months as policy makers scrutinize the mechanics of retail trading in the wake of the run-up in meme stocks like GameStop Corp. Still, any mention of an outright ban can rattle investors in part because payment for order flow makes up a significant share of Robinhood’s revenue: the company brought in about 80% of its second-quarter revenue from payments for its customers’ stock, options and cryptocurrency transactions.\nBrokers like Robinhood profit by selling trades, prompting some lawmakers to question whether that encourages firms to push clients to engage in excessive buying and selling. In the Monday interview with the online news publication, Gensler said it allows market makers to get a “first look” at transaction data that may lead to unfair advantages.\nGensler has also previously pointed out that countries including the U.K. have already prohibited payment for order flow. Some in the financial industry have questioned whether the SEC would need additional authority from Congress to ban the practice outright.\nJaret Seiberg, a policy analyst at Cowen Inc., said that it would be difficult to make any big changes to the system.\n“Gensler has other priorities and he is unlikely to move directly against payment for order flow given the complexity of the issue and the complicated politics that surround payment for order flow,” Seiberg wrote in a note.\nWhat Bloomberg Intelligence Says:\n“He didn’t rule out banning PFOF, but we don’t think he’s strongly inclined to do so, perhaps opting instead to propose amendments as soon as 4Q. Studies have found PFOF led to favorable prices for retail investors, so regulation to enforce good execution is a more likely outcome than a ban.”-- Julie Chariell, BI senior fintech industry analyst","news_type":1,"symbols_score_info":{"HOOD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":818262730,"gmtCreate":1630414789920,"gmtModify":1676530296645,"author":{"id":"3583920859121592","authorId":"3583920859121592","name":"lu_lu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3583920859121592","idStr":"3583920859121592"},"htmlText":"[強]&nbsp;","listText":"[強]&nbsp;","text":"[強]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818262730","repostId":1134170600,"repostType":4,"repost":{"id":"1134170600","kind":"news","pubTimestamp":1630414243,"share":"https://ttm.financial/m/news/1134170600?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:50","market":"us","language":"en","title":"Robinhood Extends Slump on Payment for Order Flow Ban Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1134170600","media":"Bloomberg","summary":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities ","content":"<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood Extends Slump on Payment for Order Flow Ban Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://finance.yahoo.com/news/robinhood-falls-sec-hints-payment-204552778.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134170600","content_text":"(Bloomberg) -- Robinhood Markets Inc. continued to slide in premarket trading after U.S. Securities and Exchange Commission Chairman Gary Gensler said a full ban on payment for order flow is “on the table.”\nRobinhood fell about 3.3% in early trading Tuesday after Gensler told Barron’s the day before that paying for order flow -- where brokerages send customer orders to trading firms and receive payments in return -- has “an inherent conflict of interest.”\nGensler has previously made similar points about the practice, which has been in Washington’s crosshairs for months as policy makers scrutinize the mechanics of retail trading in the wake of the run-up in meme stocks like GameStop Corp. Still, any mention of an outright ban can rattle investors in part because payment for order flow makes up a significant share of Robinhood’s revenue: the company brought in about 80% of its second-quarter revenue from payments for its customers’ stock, options and cryptocurrency transactions.\nBrokers like Robinhood profit by selling trades, prompting some lawmakers to question whether that encourages firms to push clients to engage in excessive buying and selling. In the Monday interview with the online news publication, Gensler said it allows market makers to get a “first look” at transaction data that may lead to unfair advantages.\nGensler has also previously pointed out that countries including the U.K. have already prohibited payment for order flow. Some in the financial industry have questioned whether the SEC would need additional authority from Congress to ban the practice outright.\nJaret Seiberg, a policy analyst at Cowen Inc., said that it would be difficult to make any big changes to the system.\n“Gensler has other priorities and he is unlikely to move directly against payment for order flow given the complexity of the issue and the complicated politics that surround payment for order flow,” Seiberg wrote in a note.\nWhat Bloomberg Intelligence Says:\n“He didn’t rule out banning PFOF, but we don’t think he’s strongly inclined to do so, perhaps opting instead to propose amendments as soon as 4Q. Studies have found PFOF led to favorable prices for retail investors, so regulation to enforce good execution is a more likely outcome than a ban.”-- Julie Chariell, BI senior fintech industry analyst","news_type":1,"symbols_score_info":{"HOOD":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":47,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134170600","isCrawlerRequest":true}