Brokers using this controversial practice are ‘skimming rent, getting rich’: Michael Lewis

LBM Daily News

Shares of trading platform Robinhood (HOOD) have plummeted nearly 35% so far this year, taking a 5% tumble last Friday alone after Goldman Sachs issued a Sell rating and raised concerns about soft user growth.The company’s revenue prospects could dim further if the Securities and Exchange Commission banned the controversial practice of payment for order…

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