I've searched for relevant threads to understand more but most discussions are around 2 years old when the issue first arose.
Regarding RH PFOF -
I noticed after Q3 of last year RH stopped reporting venue-specific information in their Held NMS Stocks and Options Order Routing Public Report
In Q4 and since any venue-specific information is all listed under Robinhood Securities LLC.
I'm not looking for any conspiracies I'm just wondering if there is some sort of loophole RH found in lack of necessity to list entity-specific execution services by using an umbrella company, or if SEC regulation changed.
It's a question purely out of curiosity, I was wondering since the C&D settlement if it made public information specific toward particular stocks/assets with it's PFOF dependent on the service, i.e. if there were divisions dependent on certain assets/order types being directed or non-directed. (Directed meaning RH as customer as obviously it isn't wasn't necessarily a concern for it's actual customers until then).
My theory is that if RH does indeed have crypto holdings these orders would be of asset class that would not perhaps be sourced through a third party-executor.
Submitted May 23, 2021 at 07:08PM by Purple-Ad-3492 https://ift.tt/3wsFOub
