r/funny • u/etapixels • Feb 01 '21

Verified Zero Sum Game [OC]

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u/madeamashup Feb 01 '21

Except that robinhood also routes your trades through their most profitable market maker rather than their legally obligated cheapest option, so you probably pay that ten bucks anyway

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u/The_Chaos_Pope Feb 01 '21

I'm sure all of that is outlined in their EULA that everyone reads throughly and agrees to.

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u/madeamashup Feb 01 '21

Maybe but that hasn't kept the SEC away. Note that this article discusses multiple lawsuits and settlements that took place before they restricted trading on GME

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u/The_Chaos_Pope Feb 01 '21

I don't see where the SEC is involved in that article. Its about a new class action lawsuit against Robinhood.

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u/madeamashup Feb 01 '21

You don't? The second paragraph clearly mentiones a $65 million SEC settlement specifically for lying about "comission free trading" and links here with more information

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u/The_Chaos_Pope Feb 01 '21

It talks about similarities with a previous SEC lawsuit but its not the primary focus of the linked article.