03-09-2021 19:45 via feedproxy.google.com

Robinhood calls potential payment for order flow ban 'draconian' as it fires back at SEC's Gary Gensler

Co-founder of Robinhood, Vladimir Tenev.
Noam Galai/Getty Images for TechCrunchRobinhood said a potential SEC ban of payment for order flow would be "draconian" in an interview with Barron's.SEC Chairman Gary Gensler told Barron's last week that a PFOF ban was under consideration.Robinhood derived about 80% of its revenue from payment for order flow transactions in Q2.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Robinhood is hitting back at recent comments from SEC C
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