On: Robinhood was indeed too good to be true

[smabie]

You want people to go to jail for incorrect FAQ page? PFOF is not illegal, and the price improvements investors got are fine. It's just that Robinhood didn't properly disclose that they weren't getting the best execution.

[oldgradstudent → smabie]

> It's just that Robinhood didn't properly disclose that they weren't getting the best execution.

That wasn't lack of disclosure. It was disclosure of the opposite. This is called fraud. Fraud of both customers and investors.

It was certainly serious enough to warrant $65 million fine.