5 ms·
SEC: Brokers enticed by PFOF are making trading into a game to lure investors
- jbp 5y agoLink to SEC report: https://www.sec.gov/news/press-release/2021-212 https://www.sec.gov/news/press-release/2021-212
- WalterGR 5y agoPayment for order flow (PFOF) is the compensation, as much as 1 penny per share, that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker. It is a controversial practice that has been called a "kickback". https://en.m.wikipedia.org/wiki/Payment_for_order_flow https://en.m.wikipedia.org/wiki/Payment_for_order_flow