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

Financial

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…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
NAHB Housing Market Index Pulled Back To April Lows
New study warns of ‘climate insurance bubble.’ Is that driving costs up in Florida?
Germany’s housing sector slumps into crisis
New York State Issues Buy Clean Concrete Guidelines for State Projects
Mass Timber’s Resilience Makes It an Increasingly Popular Choice — but Are Insurers Pricing Its Risks Accurately?