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In response to "Uh oh -- (link)" by Reagen

I was just about to post something similar. Is that allowed? Isn't that market manipulation? -- nm

Posted by Krusty (aka Krustylu) Jan 28 '21, 05:48

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Responses:

Interesting question. In theory, robin hood users could just buy via a different brokerage provider - ty97 Jan 28, 05:50 7
- Basically anyone let’s you buy fractional shares and has no commissions now. -- nm - spamlet Jan 28, 05:51 6
  - Interesting, I didn't realize that. -- nm - ty97 Jan 28, 05:55 3
    - (I'm a rather boring investor as you may have surmised) -- nm - ty97 Jan 28, 05:55 2
      - I don't do anything crazy either, but the machinations are interesting. -- nm - Reagen Jan 28, 05:57 1
        
        oh definitely -- nm - ty97 Jan 28, 05:57
  - (We can't do this in Canada, FWIW) -- nm - Reagen Jan 28, 05:54 1
    - Well in AMERICA where we have FREEDOM you can. - spamlet Jan 28, 06:02
Ultimately it's up to the broker what they want to offer. -- nm - Reagen Jan 28, 05:49 12
- They're about to lose a lot of customers -- nm - Krusty Jan 28, 05:50 11
  - They make zero money from zero commissions and their order flow data is worthless as long as this goes on. -- nm - spamlet Jan 28, 05:52 10
    - They make no money on people trading stocks? -- nm - Krusty Jan 28, 05:53 9
      - pretty much nobody makes their money that way anymore -- nm - decline Jan 28, 05:58
      - Not directly no. - spamlet Jan 28, 05:55 3
        
        Thanks. Retail investing seems like a foolish idea for 99% of people -- nm - Krusty Jan 28, 06:02 2
        
        *ding* -- nm - spamlet Jan 28, 06:12
        
        There's a reason I tend to invest in ETFs and not individual stocks -- nm - ty97 Jan 28, 06:04
      - That's part of why they are popular. - ty97 Jan 28, 05:55 3
        
        Interesting -- nm - Krusty Jan 28, 06:01
        
        The SEC probe is because they didn’t disclose the order flow revenue. Not that it’s illegal. - spamlet Jan 28, 05:56 1
        
        yeah, I was just pasting a copy of their revenue system from wiki -- nm - ty97 Jan 28, 05:58

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I was just about to post something similar. Is that allowed? Isn't that market manipulation? -- nm

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