In 2021 robinhood was not even connected to the lit exchange and they didn't own any shares on buyers behalf. They figured out retail loses 51% of the time so they just did payment for order flow and kept the 1%
I wonder if the Robinhood crooks and their cronies will get prosecuted.
Trump will certainly have a special interest in that one.
I have heard of other "brokers" who watch the accounts of their customers, figure out which ones usually lose versus which ones win, and then they just put through the orders on the winners' trades, and act as the bookie on the losers' trades.
I don't know if anyone has been prosecuted for such fraud, though.
Oh ... LOL.
Try buying 1 share.
See what happens.
He didn’t say you couldn’t buy less than 100 shares, obviously you can buy any amount of shares.
He’s talking about how to buy so that your order is routed through the lit market, and not a dark pool.
OK, got it.
That wasn't clear to me in his post.
I see plenty of trades under 100 shares going through.
I have not followed this story in detail because it didn't mean anything to me unless it became a Trump company.
Now that it looks like it will, I do find it interesting.
Did you see my link to Gary?
You think he doesn't know how the market works.
He is running the thing.
I misunderstood your post.
And I don't know who Gary is.
But that doesn't matter to me.
I just watch the charts and follow the official news as it comes out.
The super-duper-secret stuff doesn't mean anything to me.
If it jumps and has something solid behind the jump, I'll probably be on it.
Until then, I would rather pursue other ideas.
Carry on.
Gary is the chairman of the SEC.
Read the link.
It's not a secret when he confirms it.
In 2021 robinhood was not even connected to the lit exchange and they didn't own any shares on buyers behalf. They figured out retail loses 51% of the time so they just did payment for order flow and kept the 1%
Interesting.
I wonder if the Robinhood crooks and their cronies will get prosecuted.
Trump will certainly have a special interest in that one.
I have heard of other "brokers" who watch the accounts of their customers, figure out which ones usually lose versus which ones win, and then they just put through the orders on the winners' trades, and act as the bookie on the losers' trades.
I don't know if anyone has been prosecuted for such fraud, though.
Wow. And I thought HFT fuckery was grade A assholery.
This (what robinhood did) is next level satanic khazarian money magic. So basically not even a broker, just a relay of sorts.
"Capitalism" (lol).