Feb. 24, 2023
February 24, 2023 I believe that payment for order flow benefits only market makers and is a detriment to investors. It allows market makers to make a profit from investor orders without providing any additional value to investors, and it can decrease the price investors receive for their orders. Payment for order flow can create conflicts of interest between the broker-dealer and the investor, and it can limit the liquidity of the market. I believe this practice should be closely monitored by the SEC and made illegal to ensure that investors are protected.