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.
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[ 1.5 ms ] story [ 16.6 ms ] threadAn 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....