Payment for Order Flow (PFOF): How Free Trades Work
Payment for order flow (PFOF) is how zero-commission brokers get paid. Here’s exactly who pays whom, what Rule 606 discloses, and why regulators disagree about it.
Payment for order flow (PFOF) is how zero-commission brokers get paid. Here’s exactly who pays whom, what Rule 606 discloses, and why regulators disagree about it.
The SEC has eliminated the $25,000 pattern day trader minimum — a 24-year-old rule that locked millions of retail investors out of active trading.
Robinhood stock surged over 10% as analysts reaffirm a $130 price target, crypto markets improve, and the company lands a role managing government-backed children’s savings accounts.
The Treasury just named BNY and Robinhood as the brains behind Trump Accounts — tax-deferred investment accounts for children that launch July 4. Over 4 million kids are already enrolled. Here’s what parents actually need to know.