Robinhood customers would be better off trading at another broker-dealer

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2 pointsKKKKkkkk12 comments

Why? Can someone really explain it? I mean another broker dealer is going to make money on me someway as is Robinhood. Why is one better than the other?

It looks like Twitter shows the thread that I linked to but not the specific post. The post says

An internal Robinhood report from 2019 “concluded that Robinhood customers would be better off trading at another broker-dealer” for any trade of more than 100 shares.

https://www.sec.gov/litigation/admin/2020/33-10906.pdf

The details are in paragraph 40 of the SEC complaint. Nathaniel Popper has posted more details here: https://twitter.com/nathanielpopper/status/13400218534111641....

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