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  • SEC WILL NOT PROHIBIT PAYMENT FOR ORDER FLOW

    SEC WILL NOT PROHIBIT PAYMENT FOR ORDER FLOW0

    The U.S. Securities and Exchange Commission (SEC) reportedly will not seek to ban payment for order flow (PFOF), despite earlier indications that SEC Chair Gary Gensler had been inclined to issue such a prohibition. A notable winner from this apparent decision is online broker Robinhood Markets, Inc. (HOOD), whose business model is based on In

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