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Smart Money: If you don't know who the patsy is, you're the patsy

Many Happy Returns

CHAPTER

Payment for Order Flow

The SEC are reviewing the rules and are proposing new rules right now. The idea is that they want to reopen the market up to competition. Citadel, Vertu Americas, Jane Street Capital and G1 execution services have a monopoly on Robin Hood customers. But institutions some of them you big mutual funds and your pension funds are not actually that happy with this situation.

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