
Former FDIC chair Sheila Bair takes on Payment for Order Flow
CNBC's "Fast Money"
00:00
Is the System Fair?
There are approximately 200 retail brokers wealth mangers in this country. About ten of them payment for arte flow. The other hundred and 90 do not. And they still send their orders to a wholesaleer. Why? They don't have an economic interest. There's no inherent conflict, as she alleges. It's very easy to say dark pools and and robin hood and citadel and all the stuff happen. But when you dig down and you look at the facts andyou look at the data, and that's what sensible regulators have done in this country for the last 30 years. Every time have looked at this practice and looked at the ecosystem, they concluded it annures to the benefit
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